The world will see its level of spare oil production capacity dwindle next year as jet fuel demand returns to pre- or near-pre-crisis levels, Amin Nasser, the chief executive of Saudi Aramco, said on Tuesday. "The industry's spare capacity, currently at 3-4 million barrels per day (bpd) is providing some comfort to the market, however, my concern is that the buffer .
.. might diminish, especially next year when demand is expected to pick up further," Nasser said at the Nikkei Global Management Forum, as carried by Reuters. An expected rise in jet…Saudi Arabia Warns Of Shrinking Spare Oil Production Capacity
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