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Energy stock investors will be primed for the latest OPEC+ meeting this week, which takes place on Thursday. But the big picture will be important to keep in mind. And that picture was also put out this week by OPEC in its latest round of forecasts. The most important part of those forecasts was the supply deficit now being predicted for August of 1.5 million barrels per day. That’s right: from an historic oil glut last year in the wake of the outbreak of COVID-19, we are now headed toward a supply shortage. This is happening even though OPEC has started to increase output.

United statesNew jerseyJames dorisJoe gattoTom nimbleyNoble energyCallon petroleum companyCamber energy incEnergy group incSm energy coEnergy incSouthwestern energy companyViking energy group incPetroleum companyKevin haggardSenior vice president