North American oil producers slash output faster than OPEC skeptics expected

North American oil companies have slashed production faster than skeptical OPEC officials and industry analysts expected, on course to cut roughly 1.7 million barrels per day by the end of June, according to a Reuters analysis of U.S. state and company data. The Organization of the Petroleum Exporting Countries and allies led by Russia struck a deal last month to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, send