How realistic is additional production capacity in the near term? Recent official projections hover around 700,000 barrels per day within 12-18 months—though that estimate feels optimistic. A more grounded forecast would peg new supply at 300,000 to 500,000 b/d by mid-2027. Even at the conservative end, this volume keeps feeding an already oversupplied market. The gap between ambitious targets and achievable output deserves careful attention when modeling price pressures ahead.

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