Ed Maran
Ed Maran
appears capacity essential excess iranian lost markets meeting nervous oil production selling stop supply within
The oil markets appears very nervous about the Iranian situation. Iran's production is essential for meeting world demand. There is not enough excess capacity within OPEC to make up for the lost supply if Iran were to stop selling oil.
actual excess increased members production translate whether wondering
Everyone is wondering whether the increased quotas will translate into actual new production. Many members of OPEC don't have excess production capacity.