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Market MovementOPEC excess in 'strong hands'The Saudis' proposed further production increase of more than 500,000 b/d will likely do more than ease world oil prices. It should also lift the veil to reveal just which nations within OPEC actually have any excess capacity to spare.So says Merrill Lynch in a recent report, claiming that only two OPEC member nations, Saudia Arabia and the UAE, have any capacity to spare and thus will serve as the "key to stabilizing oil prices above $20/ bbl. Click here to enlarge image"With the rest of OPEC at or near capacity limits, Saudi Arabia and the UAE will be in a strong position to manage oil prices," Merrill Lynch said. "The Saudis are ...

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