Capacity stretched to limit: IEA

THE International Energy Agency said overnight that spare capacity might be ‘stretched to the limit’ given the mix of short-term and long-term issues facing key oil suppliers.

Capacity stretched to limit: IEA Capacity stretched to limit: IEA Capacity stretched to limit: IEA Capacity stretched to limit: IEA Capacity stretched to limit: IEA

Dr Fatih Birol head of the IEA

The IEA said there are a "large number of disruptions… on global oil supply" which are both short term - outages in Canadian production and strikes in Shell's Knarr field in the North Sea - and