Call on OPEC capacity

Call on OPEC capacity is an estimate of the crude oil production volume required of OPEC countries to balance the global supply and demand for crude oil.

The concept is premised on the idea that other sources of crude oil typically run at full capacity and OPEC plays the market-balancing role to match total supply with total demand.

The Refinery Reference Desk includes content derived from our industry experts as well as from public data sources such as company websites. Nothing herein is intended to serve as investment advice. This material is based on information that we believe to be reliable and adequately comprehensive, but we do not represent that such information is in all respects accurate or complete. McKinsey Energy Insights does not accept any liability for any losses resulting from use of the content.

McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. By using this Site or clicking on "OK", you consent to the use of cookies.