US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:
News ID: 9054 Publish Date : 2020/04/07
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NPC taking final steps to localize petchem catalysts
Iran to launch Rasht-Caspian railway in coming days
Iran-Turkey trade hits $1.75 billion in four months
Electricity consumption increases 11% as temperature begins to rise
Iran-Brazil Joint Economic Commission to be held soon
Annual exports to Iraq stand at $12 billion
Oil projects worth $4.6b to go operational soon: Oji
South Pars to reduce gas flaring by 1.2 bcm annually