US crude output may never recover from Covid-19

As the upstream industry focuses on stemming cash flow losses rather than growth.

"We see the rest of our peers, the private companies and even the major integrated companies all shifting to a more disciplined mode going forward," independent producer EOG's chief executive Bill Thomas says. "And certainly, we do not think we will ever really get back to the 12.8mn b/d before the pandemic."

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Posted by: MKT

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