By increasing Movement.up.gain production in the second half , it risks a repeat of the price crash Movement.down.loss at the end of last year .

Oil , the world 's most used fuel , has seen futures fall Movement.down.loss by 40 percent from their 2019 peak Position.high in summer , with Brent crude oil futures threatening to crash Movement.down.loss below $ 60 per barrel for the first time since June .

The U.S. oil rig count stood as high Position.high as 1,606 in 2014 , triggering a price crash Movement.up.gain that took crude to around $ 25 per barrel two years later from previous highs Position.high above $ 100 .