Monday's unprecedented meltdown in oil prices, with front-month NYMEX WTI futures diving deep into negative territory as Tuesday's expiry of the May contract neared, was the exclamation point on what many OPEC+ delegates have described as an alarming and depressing ride.

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

Таким образом, в первые месяцы соглашения страны-производители могут снизить суточную добычу на 15-20 млн барр/с.

U.S. total industrial production fell 5.4 percent in March, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to suspend operations late in the month.

The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.

Crude oil production from the major US onshore regions is forecast to decrease 183,000 b/d month-over-month in April from 8,709 to 8,526 thousand barrels/day, gas production to decrease 869 million cubic feet/day from 84,027 to 83,158 million cubic feet/day .

effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day

OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a pact to curb crude production by 10 million barrels per day (bpd) or 10% of global supplies in marathon talks on Thursday.

We will use the SPR to store as much oil as possible," US Energy Secretary Dan Brouillette said at a G20 energy summit. "This will take surplus oil off the market at a time when commercial storage is filling up and the market is oversupplied."

The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.