U.S. oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd) in June, a two-year low, Rystad Energy estimates, before it starts to slowly recover. Still, U.S. monthly output is not likely to exceed 11.7 million bpd before 2022, a staggering difference from the nearly 12.9 million…
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