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Energy 04 Jun 2021 | 11:00 AM

Platts Market Insight: OPEC+ disregards warnings of looming supply tightness

SUFFICIENT spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds. Sufficient spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds.