Oil producers struggle to plug budget holes torn by price collapse

boo hoo cry me a river, didnt see the oil companies too worried when prices were at $150+ a barrel. no its time the consumer had it there way for a while.

Oil prices will remain volatile, I suspect.

If producers are pumping as fast as they can to make up for lower prices by increasing volumes, in future they will start hitting a wall in production, and prices will spike higher again.

They'd be better off long term trying to finance their governments in a more oil-price independent manner, but then I think politicians rarely act in their countries' long term interests.