Forced to reckon with a prolonged period of low energy prices, oil chiefs sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales . Many executives counted how many previous crashes they had weathered. Some took solace in the musings of philosophers from the 19th century. Company executives nonetheless were emphatic on two points: Their company will pull through. And whenever the price rebound comes, they will be ready to take advantage of it. The dour mood reflects the realization that no cavalry is coming. Energy companies are likely to stay mired—for months if not years—in a global oil glut that has sent crude prices to $30 a barrel. That became clearer Tuesday when Saudi oil minister Ali al-Naimi told a packed ballroom here that the kingdom had no plans to cut its output to boost prices . Instead, the world’s largest […]