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Lundin Energy Cuts 2020 Oil Output Goal, Raises Long-term Target

Lundin is now targeting daily volumes of 157,000 boe/d day this year, down from a previous 160,000-170,000 boe/d.

New leases in Manhattan declined by 71 percent in April compared to a year earlier.

Ecopetrols capex for the year now sits in a range between $2.5 billion and $3 billion, he said.

The travel firm says earnings will be significantly lower because of the coronavirus pandemic.

Oklahoma last month adopted an emergency order that said some oil production could be considered economic waste.

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