The 10 Oil Projects Adding 1.1 Million Bpd To Global Supply

So let me understand correctly? As OPEC/Russia and the industry like to put it the oil market, after a year of OPEC/RUSSIA cuts, still has not come into balance. That means there is still a glut of oil sloshing around the world, either in storage onshore, or offshore, or floating around in tankers, or socked away in strategic reserves. In short their is plenty of oil. The OPEC/Russia cuts to try and balance the market, a nifty way of saying lower supply to artificially push up prices, has worked despite the fact that a diminished glut still exists, and million of BPD have been idled, although sitting there readily available. In addition the artificially high price propped up by everybody that has any ability to manipulate the price up, not just the oil industry, has put U.S. shale oil into overdrive, and we can expect U.S. production to outstrip all estimates as it has always done, unless of course the industry falls into line with OPEC/RUSSIA and restricts production to help keep prices high. That would be illegal in the USA of course, at least if their was open or secret collusion, but then you don't have to get on a hotline to the Saudis or Russians to know your part in the grand conspiracy. Since we know the USA can now produce a lot more and get it to market in months rather than years, we won't know if they are playing along unless we see less production growth out of the USA than we know they can produce with WTI at $66.
Then there is this article that says by 2025, or over the next 7 years, the 10 largest onshore project alone, of 126 projects, will add 1.1 million BPD to capacity. That doesn't include offshore projects, or the other 116 onshore projects.
Meanwhile the drive for energy efficiency continues cutting into demand, and renewables like wind and solar continue to increase market share.
So I'm trying to figure out with a current glut of oil still available, millions of barrels a day idled, and supply or potential supply increasing over the next 7 years, why again is WTI at $66 today, or Brent over $70? I still haven't seen an article that explains why oil should be over $40 a barrel let alone over $60 or $70. Its certainly not supply and demand?

Yikes, only 1.1? Over a period of 7 years when demand could go up on average 1M+ per year.