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Six US oil firms are expected to shut 300,000 barrels per day of production in May and June

April 29, 2020

U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world’s number one oil producer.

Six major U.S. shale producers are expected to shut some 300,000 barrels per day (bpd) of crude for the months of May and June, according to an analysis of the companies’ early communication by Rystad Energy.

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