Bloomberg | How Much Oil Output Halted Due to Low Prices? Just 0.1% Bloomberg OPEC and major oil companies like BP Plc and Occidental Petroleum Corp. are betting that low oil prices will drive production down, eventually lifting prices. That's taking longer than expected, in part due to the resilience of the U.S. shale industry ... Producers keep pumping, even with oil falling How much output has the worst oil slump in decades halted? Just 0.1%, much of it in Canada Asia benefiting most from Middle East oil market share battle |