Two key non-Opec+ producers saw near-record output for April and May. Norway says it will cut output from June, but Brazil has given up on a previous pledge to limit production.

As global oil demand and prices collapsed in March, Brazilian state producer Petrobras announced that it planned to not only slash 2020 capex but also shut in 200,000 b/d of output for April (MEES, 27 March). (CONTINUED - 527 WORDS)