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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	5/12/2004 11:41:35 AM
From: isopatch	of 108817

<OPEC-10 holds 2.5 million bpd spare capacity-IEA Wednesday May 12, 8:11 am ET LONDON, May 12 (Reuters) - The 10 OPEC oil producers with output quotas hold 2.5 million barrels per day of spare oil production capacity, with almost half in Saudi Arabia, the International Energy Agency said on Wednesday. The IEA, which advises 26 industrialised nations on energy policy, estimated OPEC (News - Websites) -10 production capacity at 27.90 million bpd, against April production of 25.43 million bpd. It pegged Saudi Arabia's capacity at 9.5 million bpd and the kingdom's current production at 8.29 million.) (click on url below to view table for individual countries) biz.yahoo.com

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