IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d
Green Car Congress
MAY 22, 2020
The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. Private ownership involves a complex web of legal implications for hundreds of thousands of individual lease contracts and millions of stakeholders.
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