Oil companies' heads hold closed doors discussion

196 views · Published 22 January 2016 · 3:34 · Indexed 4 November 2026

Channel: CGTN Africa · 2016 · News & Politics

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Leaders of the world's largest oil companies attending the world economic forum in Davos, Switzerland held closed door discussions as global crude hovered at 27 dollars a barrel levels. The meeting was attended by the heads of Saudi Aramco, British Petroleum, Statoil ASA and Repsol, Royal Dutch Shell, Total and Chevron. Companies have slashed spending and sold off assets as oil continues to plunge.

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