Aramco Slashes Spending as Coronavirus Erases Oil Demand Growth
Crude oil storage tanks stand at Saudi Aramco’s Abqaiq crude oil processing plant in Saudi Arabia. (Photographer: Faisal Al Nasser/Bloomberg)

Aramco Slashes Spending as Coronavirus Erases Oil Demand Growth

(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are hitting home.
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