IHS Markit: 10 MMb/d of oil production cuts coming
Green Car Congress
APRIL 1, 2020
IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.
Let's personalize your content