U.S. pipeline operator Energy Transfer will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business. Marshall McCrea, chief commercial officer for the Dallas-based company, said in a recorded message to employees the cuts would begin Monday and affect about 6% of the company’s staff, according to two people familiar with the recording. U.S. oil and gas producers have curtailed or shut in wells in response to crude prices down 45% since the start of the year, reducing deliveries to pipeline operators. Oil production could decline as much as 2 million barrels per day by December, from nearly 13 million barrels per day in January. Fuel prices have collapsed to below many firms’ cost of production due to COVID-19-related travel lockdowns and a global glut. U.S. energy companies on average […]