The next two weeks ahead of the OPEC+ policy meeting on July 1 will be extraordinarily tight for the oil market, according to Rystad Energy. The next two weeks ahead of the OPEC+ policy meeting on July 1 will be extraordinarily tight for the oil market. That’s according to Rystad Energy’s oil markets analyst Louise Dickson, who made the statement in a comment sent to Rigzone on Thursday. In the comment, the Rystad representative noted that OPEC+ is expected to loosen supply, either officially with a higher production target or unofficially with compliance slippage. “If OPEC+ wants to keep the market in a theoretical equilibrium, the group could boost production as high as 39.5 million bpd in August 2021, but then needs to scale it down back to 36.8 million bpd for October during the shoulder demand season,” Dickson said in the comment. “This would indeed be a supply […]