U.S. shale companies to boost oil output by 500,000 bpd by month-end
June 17, 2020 at 11:48 AM EDT
U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts, amounting to a quarter of what they shut since the coronavirus pandemic cut fuel demand and hammered oil prices.