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Glut belies risk of thinner Opec output cushion

The group's spare capacity has dwindled to the lowest since 2008, US govt data shows

GUNNING FOR MORE: Both Saudi Arabia and the United Arab Emirates pumped at record levels last month, while Iran and Iraq are adding output after declines caused by sanctions and violence, respectively.


AS most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.

Opec's strategy of keeping its taps open is leaving a smaller cushion if there's an...

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