MAJOR AMERICAN OIL PRODUCERS LOOK TO SLASH BUDGETS BY 30% FOR THE YEAR

Highlights:

• US President Donald Trump announced his plan to buy 90 million barrels of natural oil to be stored in the petroleum reserve.
• However, experts believe it is unlikely to change the trajectory of calculations through the week as the future looks grim for the oil and gas industry.

All major US oil producers are focused on slashing their budgets for operati....