Normal
From IEA data, the only significant spare oil production capacity exists in:Saudi Arabia = 3.19 million barrels per dayUAE = 0.96 mmbpdIraq = 0.48 mmbpdKuwait = 0.28 mmbpdNigeria = 0.23 mmbpdAnything outside that group is individually and collectively minor.
From IEA data, the only significant spare oil production capacity exists in:
Saudi Arabia = 3.19 million barrels per day
UAE = 0.96 mmbpd
Iraq = 0.48 mmbpd
Kuwait = 0.28 mmbpd
Nigeria = 0.23 mmbpd
Anything outside that group is individually and collectively minor.
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