Saudi Arabia, the go-to country anytime the world needs a bump in oil production, may have far...

|By:, SA News Editor

Saudi Arabia, the go-to country anytime the world needs a bump in oil production, may have far less excess capacity than commonly thought. With levels so thin, expect "substantial spikes in the oil price from time to time," says a fund manager, noting the "inherent bias" towards overstating spare capacity.