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
million barrels per day (MMb/d) of existing production by early June due to operating cash losses, lack of demand and storage capacity, and an unwillingness to sell resources at the very low prices available since the onset of the COVID-19 crisis. —Raoul LeBlanc, vice president, financial services, IHS Markit. However, nearly 1.4
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