Factbox: What U.S. states are doing for their oil industries
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(Reuters) - Numerous U.S. states are considering aid for their ailing oil industry, as jobs are disappearing fast and companies have been declaring bankruptcy due to a 30% drop in fuel demand due to the worldwide COVID-19 coronavirus pandemic.Global oil prices are down by more than two-thirds this year, and prices went negative on April 20. That has hit U.S. production, which rose to a record of nearly 13 million barrels per day in 2019, but is now is expected to fall by at least 2 million bpd..