Rystad Energy’s latest analysis indicates that OPEC+ could raise production by 1.3 million barrels per day in April and keep the market balanced. Rystad Energy’s latest analysis indicates that OPEC+ could raise production by 1.3 million barrels per day (MMbpd) in April and keep the market balanced. The company does not see this level of production increase as a likely outcome, however, according to Rystad’s head of oil markets, Bjornar Tonhaugen, who outlined that Rystad believes OPEC+ will stick to its previous deal to not increase production by more than 500,000 barrels per day (bpd) on a monthly basis. “We also expect Saudi Arabia to gradually bring back its extra one million barrels per day in cuts, which are not officially part of the agreement,” Tonhaugen said in a statement sent to Rigzone on Tuesday. “Later in 2021, Saudi Arabia may slightly cut back on production volumes in order […]