IEA Says US Oil Boom Raises Spare Production Capacity

摘要

The International Energy Agency (IEA) highlighted "a big increase in spare capacity" as the major forecast change in the latest update of its Medium Term Oil Market Report (MTOMR) launched in London on Tuesday morning. Outlining the report, IEA head of oil markets and industry Antoine Halff said the forecast levels of Opec spare oil production capacity, which the IEA foresees building to nearly 7 million barrels per day as early as 2014, would be of a scale "unseen on a sustained basis ... since before the 1990s."