David Fyfe
David Fyfe
capacity gulf happen huge iran low margin means mexico million spare supply
Historically, spare capacity of 1 to 2 million b/d is still very low considering all the uncertainties on supply in Nigeria, Iraq, Iran and the Gulf of Mexico and it means there's not a huge margin of flexibility if anything should happen to those producers.
asian concerns cut greater longer oil pressure
There are concerns that the longer $60 oil persists, the greater the pressure will come (on Asian governments) to cut subsidies.