Two industry sources question volume of spare Saudi capacity OPEC data shows decline in Saudi well completions in 2021 Saudi Arabia has been pumping below its OPEC quota Aramco says maximum sustainable capacity is 12 million bpd LONDON, July 8 (Reuters) – When French President Emmanuel Macron whispered in Joe Biden’s ear last month that top global oil exporter Saudi Arabia has very little additional capacity to increase output, the U.S. President looked surprised. Biden is due to land in Riyadh later this month, and he will likely hear the same sobering message – don’t count much on Saudi Arabia to help replace Russian oil. How much Saudi Arabia – seen as the “central bank” of global oil – can really pump […]