EIA estimates decrease in global surplus crude oil production capacity in 2022
Green Car Congress
JUNE 26, 2022
million barrels per day (b/d) of surplus production capacity was available in non-OPEC countries, about 60% of which was in Russia. For that reason, crude oil production that is offline in Iran, Libya, Venezuela, and now Russia, is excluded from surplus capacity estimates. In 2021, 1.4
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