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May 22, 2020, 3:30 am271 ptsGreen Car Congress
Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 million barrels per day (MMb/d) of existing production by early June due to operating cash losses, lack of demand and storage capacity, and an unwillingness to sell resources at the very low prices…
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