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Spare Oil Production Capacity Plentiful, With Caveats
Some 80% of Opec-plus' ample spare capacity lies with Mideast Gulf producers whose exports rely on the Strait of Hormuz, a potential chokepoint if war escalates.
Raccontata da
energyintel.com
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3 Routes for Gulf Energy Flows if Hormuz Is Disrupted
The Strait of Hormuz is considered “the world’s most important chokepoint,” with about 20% of global oil supply passing through it.
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Spare Oil Production Capacity Plentiful, With Caveats
Some 80% of Opec-plus' ample spare capacity lies with Mideast Gulf producers whose exports rely on the Strait of Hormuz, a potential chokepoint if war escalates.