No One Expected U.S. Shale Oil Output Cuts to Happen So Fast
- Millions of barrels of North American daily supply cut: Plains
- Quick action by local producers helps save market from glut
This article is for subscribers only.
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production.
But few expected that the cuts would run this deep -- and happen so quickly.