Taps closing! US shut-ins to reach at least 2 million bpd in June as oil producers walk the walk

Capt. John

US oil producers have been expected for some time to have to shut down oil production as a result of the Covid-19 pandemic, but they were initially slow to move. Now that profitability and storage limitations have started to hurt, the curtailment wave has accelerated. A Rystad Energy analysis shows...

https://www.hellenicshippingnews.com/taps-closing-us-shut-ins-to-reach-at-least-2-million-bpd-in-june-as-oil-producers-walk-the-walk/

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