Rystad: No room for OPEC+ to increase output for the rest of 2019

The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, according to Norwegian oil and gas intelligence firm Rystad Energy.

Even though a production increase is off the cards without influencing prices, Rystad Energy said on Tuesday that the production cuts required by OPEC+ to support prices need not be as much as 1.5 mbpd.

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