1427 GMT - OPEC's ample spare crude capacity provides some comfort to the market against the impact of potential supply disruptions to Iranian oil shipments, according to Capital Economics' David Oxley. The U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China on Thursday, just days after U.S. President Trump reinstated his "maximum pressure" campaign on Tehran. Oil benchmarks rose following the news, but are still poised for weekly losses of more than 1%. "The key point is that increased enforcement on Iran's oil shipments would be a bigger deal were it not for the fact that OPEC was sitting on about 6 million barrels a day of spare capacity, some of which they will begin to bring back to the market from April," the commodities economist says. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 09:27 ET (14:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。