US shut-ins double: Company guidance hints 616,000 barrels per day shut during May, 655,000 in June
US shut-ins double: Company guidance hints 616,000 barrels per day shut during May, 655,000 in June
US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis based on the early communication from US oil producers.
The figures do not represent the total production curtailment that the US is experiencing and will ex...