The headline is hiding the fact that this was a fairly modest 400K bbl draw for the week.
The reserve is effectively empty at 250M-300M barrels, and currently sits at 284M. The rapid deceleration to 400K could mean that there’s no quick way to keep withdrawing the remaining reserves.
The reserve is effectively empty at 250M-300M barrels, and currently sits at 284M. The rapid deceleration to 400K could mean that there’s no quick way to keep withdrawing the remaining reserves.