EA’s Amrita is saying ~13 million b/d of crude oil production is shut-in now.

This would have to be the breakdown:

Iraq: -4 million b/d

Kuwait: -2.4 million b/d

Bahrain: -0.18 million b/d

UAE: -1.8 million b/d

Saudi: -4.5 million b/d (?)

My base case assumed Saudis to shut-in 3 million b/d, but she noted “precautionary” shut-ins.

So the figure could be as large as 4.5 million b/d. Either way, the shut-in is massive.