Analysts and energy executives questioned whether OPEC+ members had as much spare capacity as some market participants hoped.
"And, of course, I cannot know how much spare capacity OPEC would have but it is not as much as what a lot of people hope or think is my estimation." Macron was heard telling Biden on the sidelines of the G-7 summit that UAE leader Sheikh Mohammed bin Zayed al-Nahyan was already at maximum production capacity, while OPEC kingpin Saudi Arabia could only increase by around 150,000 barrels per day.
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