Saudi Arabia has yet to comment on the extent of damage on its oil production but industry sources have said some 5-6 million barrels per day or 5-6% of global supply have been affected.
Spare capacity is the extra oil a producing country can bring onstream and sustain at short notice, providing global markets with a cushion in the event of natural disaster, conflict or any other cause of an unplanned supply outage. The United States has briefly overtaken Saudi Arabia as the world largest crude exporter this year, only a few years after removing a ban on oil exports because of large needs at home as the world’s largest oil consumer.
Besides the United States, the only countries which have significant spare capacity are Iran and Venezuela.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Only 179 Nigerians were allowed to leave South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Home Affairs Minister, Aaron Motsoaledi, has confirmed that 179 people were allowed to leave South Africa for Nigeria from Johannesburg on Wednesday.
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »
UN regrets US asylum decision - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The United Nations Refugee Agency has criticized a decision by the Supreme Court of the United States allowing the administration of President Donald Trump to bar migrants, mainly from Central America, from seeking asylum in the country.
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »
Tourism drops after Gauteng riots - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The tourism sector in Gauteng is feeling the brunt from the recent violence and looting of businesses in the province.
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »
Looted out of businessSouth African businesses are cleaning up following looting in Germiston.
Fonte: eNCA - 🏆 49. / 51 Leggi di più »