Not only that, US has record production, February was higher again than January.
Now US is asking Saoudi to back off, because their production increase is damaging the US shale production increase.
Hasn't the US woken up that beside of the Corona issue they are the biggest issue, not only flaring the majority of their produced gas, but continuing to increase production into a shrinking market.
Big question is how long can Saoudi maintain this high production level, how much is real, how much is bluff and how much is flush production.
Woodside - times are a changing, page-111
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