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Most U.S. shale companies to restore production by end of 3rd quarter

April 13, 2021 by

Many U.S. oil companies started pausing production in April as the global pandemic decimated demand for gasoline, diesel and jet fuel. In May, at the peak of the production cuts, 25 public oil companies shut in 772,500 barrels of oil per day, according to Rystad, a Norwegian energy research firm.

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