Permian players cut drilling and spending after oil price crash

New body blow to producers already reeling from coronavirus fallout and shareholder pressure

New blow: companies pull back on activity and spending after the oil price collapse
New blow: companies pull back on activity and spending after the oil price collapsePhoto: REUTERS/SCANPIX
Published 12 March 2020, 10:14Updated 12 March 2020, 10:14