OPEC

KAPSARC Report: The $200 Billion Annual Value of OPEC’s Spare Capacity to the Global Economy

aramco-oil-gas-energy
A recent peer-reviewed report by the King Abdullah Petroleum Studies and Research Center (KAPSARC) finds that OPEC’s spare capacity reduces oil price volatility and generates between $170 and $200 billion of annual economic benefits for the global economy.

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