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Tag Archives: Oil shrinks

Oil shrinks, boards plot different paths out of crisis

A Chevron gas station is seen in Cardiff, California January 25, 2016. REUTERS/Mike Blake

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of …

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