Retrived from Saudi Gazett
After three consecutive months of COVID-19 demand destruction and gravity-defying oil prices, operators are finally being forced to shut-in considerable production volumes. Globally, at least 1.9 million barrels per day (bpd) of oil production have been booted offline in April according to Rystad Energy estimates. In May, this will likely grow to at least 2 million bpd. Full text -> Saudi Gazette
More Stories
How Venezuela’s election could upend the geopolitics of the Americas
Crypto Remittances Skyrocket as Migration Crisis Worsens
Un dolor de cabeza menos para Citgo