A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight. The coalition led by Saudi Arabia and Russia believes that the glut created during the pandemic has nearly gone, and that oil stockpiles will diminish rapidly in the second half of the year as lockdowns ease and travel gathers pace. That leaves the Organization of Petroleum Exporting Countries and its partners with a decision they will start pondering as soon as Tuesday: whether to pour more oil into the market in the second half when the outlook is still so mired in uncertainty. Holding output steady would support the market against the twin risks of renewed virus outbreaks and a potential export flood from fellow OPEC member Iran. But with Brent futures near $70 a barrel, it could also jeopardize the global economy and feed into the inflationary pressures […]