Feb 04, 2016

Big Oil production steady, growing amid market downturn - Houston Chronicle

Three major oil producers are cutting nearly $12 billion combined from their drilling budgets this year to compensate for the global oversupply and weakening demand that has devastated the oil and gas industry. The resilience of major oil companies to keep pumping oil is playing out as Saudi Arabia, Russia and other major oil-producing countries square off in an ongoing battle for global market...

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