Twelve oil majors to slash capex by USD43.6B amid price collapse, coronavirus

Twelve oil majors to slash capex by USD43.6B amid price collapse, coronavirus
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21.04.2020

MOSCOW (MRC) -- The massive plunge in oil prices amid the price war between OPEC and Russia and a drastic decline in oil demand due to the global coronavirus pandemic has forced the world's top integrated oil and gas majors to take swift and dramatic measures to preserve cash and protect their balance sheets, reported S&P Global.As of April 7, 12 of the world's largest public oil and gas

Full article at mrcplast.com

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