Chevron leads another wave of massive oil-industry spending cuts

Chevron leads another wave of massive oil-industry spending cuts
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26.03.2020

MOSCOW (MRC) -- Chevron Corp cut its capital spending budget by $4 billion, leading a wave of cost-cutting announcements across the reeling oil-and-gas industry as the coronavirus pandemic has slashed demand and triggered a dramatic slide in oil prices, reported Reuters.Crude oil prices have crashed by 60% since January as Saudi Arabia and Russia pump full bore to grab share in a dwindli

Full article at mrcplast.com

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