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Oil Alerts
Crude Alert - US Production Update – June cuts could exceed 4 mmb/d
Published: 7 May, 2020
Highlights:
- First quarter earnings season points to a curtailment in June US crude output of more than 4 mmb/d
- What the operators are saying: Completion activity stopped – curtailments of 25-50% likely in June
- The path to recovery: Current guidance signals production rebound in 2H 2020
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