Saudi Aramco slows diversification plans amid industry downturn - WSJ

Aramco will review a $6.6 billion(4.96 billion pounds) plan to add petrochemical output at its Motiva refinery in Texas, as well as a big natural-gas project with Sempra Energyin the same state, according to the report.Oil companies globally have been cutting spending across the board to shore up cash as the industry contends with a realization that lower crude prices could be the norm for a long period of time after the COVID-19 pandemic sapped fuel demand.In Saudi Arabia, Aramco is delaying pl