{"id":31451,"date":"2020-03-25T16:22:18","date_gmt":"2020-03-25T16:22:18","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/oil-majors-slash-their-spending\/"},"modified":"2020-03-25T16:22:18","modified_gmt":"2020-03-25T16:22:18","slug":"oil-majors-slash-their-spending","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/oil-majors-slash-their-spending\/","title":{"rendered":"Oil Majors slash their spending"},"content":{"rendered":"\n<p> <a rel=\"noreferrer noopener\" href=\"https:\/\/www.thomsonreuters.com\/en\/policies\/copyright.html\" target=\"_blank\">\u00a0<\/a>Quoting Reuters,  the world\u2019s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. <\/p>\n\n\n\n<p> Cuts already announced by five major oil companies including Saudi Aramco and Royal Dutch Shell come to a combined $19 billion, or a drop of 18% from their initial spending plans of $106 billion. <\/p>\n\n\n\n<p> Norway\u2019s Equinor said on Wednesday it would cut capital expenditure, or capex, by some $2 billion while Chevron said on Tuesday it would slash its capex this year by $4 billion. <\/p>\n\n\n\n<p> Oil prices have slumped 60% since January to below $30 a barrel. Brent crude LCOc1 was or 1.7% at $26.70 per barrel today as faltering fuel demand outweighed a massive pending U.S. economic stimulus package. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Quoting Reuters, the world\u2019s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. Cuts already announced by five major oil companies including Saudi Aramco and Royal Dutch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[9695],"class_list":["post-31451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coronavirusoil-majorsspending"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=31451"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=31451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=31451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=31451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}