Highlights Kingdom claims 1.5 mil b/d spare capacity Using it limits response to further outages May draw from inventories instead London — Saudi Arabia has tried to dispel any fears of a coming supply squeeze by touting its spare production capacity. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom says it holds the ability to pump 1.5 million b/d above its current output of some 10.4 million b/d — crude that could be needed with US sanctions set to cripple Iranian supplies starting in November and Venezuela continuing on its economic freefall. But many market watchers are skeptical that Saudi Arabia has the full amount of its claimed spare capacity actually available, casting doubt on whether OPEC’s largest producer can prevent a price spike from a supply shortage. The country, OPEC’s largest producer by far, has never produced above 10.7 million b/d and […]