Wall Street Journal | Oil Companies' Spending Cuts Unlikely to Be Enough Wall Street Journal LONDON—The world's biggest oil company's have vowed to bring down the costs of big projects in the face of slumping oil prices, but the unrelenting price weakness—with crude below $50 a barrel—suggests they could have to dig deeper still. In the ... Midweek Sector Update: August Off To A Shaky Start For Oil Markets |