Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

DUBAI/LONDON (Reuters) - Saudi Arabia has long said it could produce as much as 12 million barrels per day (bpd) of oil if needed, but that pump-at-will claim - which would require huge capital spending to access spare capacity - has never been tested.

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn
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