油價

Energy groups pull plug on $200bn spending amid new oil price slump

The world’s big energy groups have shelved $200bn of spending on new projects in an urgent round of cost-

cutting to protect dividends as the oil price slumps for a second time this year.

The sell-off in oil has been matched by a broader slump in copper, gold and other raw materials, pushing the Bloomberg commodities index to a six-year low over concerns of weaker Chinese growth and rising supplies.

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