US output cuts could reach 2 million bpd in June: report

More than 40% of production cuts will come from companies focused on prolific Permian basin

Curtailed: crude volumes expected to start making a return in third quarter 2020 — Curtailed: crude volumes expected to start making a return in third quarter 2020Photo: REUTERS/SCANPIX

Julia Martinez

Published 13 May 2020, 16:43Updated 13 May 2020, 16:44

Shale production Permian Bakken EOG Resources