| The US Energy Dept's 29 February report on world oil market trends carried baleful news for the gung-ho fraternity who want to bomb Iran's nuclear installations.
The report outlined that OPEC spare oil production capacity dropped 33% in the first two months of this year compared with same period of 2011. The 12 OPEC member states had an average 2.5 million barrels a day spare capacity during January and February, down from 3.7 Mbd a year earlier...............................................Full Article: Source
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