Saudi Minister of Investment on Saudi spare oil capacity

The transcript discusses the challenges faced by the Kingdom in maintaining production levels due to global crises like COVID-19 and sanctions. It highlights the Kingdom's use of spare capacity to stabilize the market and the subsequent reduction in spare capacity. The Crown Prince's directive to increase Saudi Arabia's sustainable production capacity to 13 million barrels is emphasized, showcasing the Kingdom's commitment to fulfilling its energy promises.

What factors contributed to the spare capacity coming to the market?

What does the speaker imply about the Kingdom's commitment to raising production capacity?