Here's OPEC's biggest problem

AP/Karim Kadim OPEC used to have a lot of spare capacity for oil reserves. It has lost the ability to keep that capacity up, for a number of reasons. This affects oil prices, and can cause unpredictability in the market. For now, the oil market is set to tighten. OPEC’s spare capacity is not what it once was, a development that opens up a larger upside risk to oil prices. A constant feature of the oil market is the prospect of unforeseen supply outages, whether from war, industrial accidents, ...