Occidental Petroleum Corp ( OXY.N ) on Tuesday became the latest to join a growing list of hard-pressed North American oil producers slashing spending and drilling after crude prices slumped to their lowest levels in more than three years. Chevron Corp ( CVX.N ) became the first global oil major to say it was also looking to cut spending that could lead to lower near-term oil production. Global oil benchmarks plunged by nearly 25% on Monday, their biggest rout since the 1991 Gulf War, amid the eruption of a price war between Saudi Arabia and Russia, sending another shockwave through an industry already nervous over the spread of coronavirus that has hit worldwide demand. Major U.S. companies have boosted production to a record near-13 million barrels per day (bpd), undermining efforts by […]