Sees Deficit of 1.6 Mln B/D to 1.8 Mln B/D in 2H

Says Won't 'Allow a Shortage'

'Not All Countries Can Return to 100% Compliance' Due to Involuntary Declines

US Petrochemicals Investment, Oil Exports Benefit From Higher Oil Prices

Output Increase Will Depend on Consensus, Members' Capacity

If Not for OPEC Action, 'Prices Would Escalate' Due to Lack of Investment

Saudi Arabia Has 2 Mln B/D of Spare Capacity

OPEC Alliance's 1M B/D Production Boost Is 'Good Target to Work With'