Iraq – Summaries of news and views OnVenezuela https://onvenezuela.com Tue, 21 Apr 2020 13:09:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Iraq – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Global shut-ins surge: Canada, Iraq and Venezuela lead the 2 mbpd wave https://onvenezuela.com/global-shut-ins-surge-canada-iraq-and-venezuela-lead-the-2-mbpd-wave/?utm_source=rss&utm_medium=rss&utm_campaign=global-shut-ins-surge-canada-iraq-and-venezuela-lead-the-2-mbpd-wave Tue, 21 Apr 2020 13:09:52 +0000 https://onvenezuela.com/?p=2774

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

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