The Covid-19 pandemic has devastated global oil demand while producing countries fail to agree on output cuts, and as onlookers have predicted, it was a matter of time until shut-ins would start. A Rystad Energy analysis shows that Canada is the oil producer most affected so far, with the damage estimated to reach above 1.1 million barrels per day (bpd) in shut-in production in the second quarter of 2020.
https://www.rystadenergy.com/newsevents/news/press-releases/shut-ins-are-here-canada-leads-global-list-of-those-in-trouble-set-to-see-above-1point1-million-bpd-halt/
SHUT-INS ARE HERE! CANADA LEADS GLOBAL LIST OF THOSE IN TROUBLE, SET TO SEE ABOVE 1.1 MILLION BPD HALT
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