Bloomberg | Big Oil's Latest Fear: A Price Shock After Spending Cuts Bloomberg A red control wheel sits near pumping units at an oil plant in Uhrice, Czech Republic. The collapse in crude prices has been so steep and so dramatic that most of the 200 major international oil and gas projects scheduled for final investment approvals ... Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts Oil Prices Won't Recover Anytime Soon Says Exxon CEO Exxon Mobil Firms to Pay Nearly $5M for Arkansas Oil Spill |