In case you were curious, the reason is the expected one: recent low gasoline prices.
> HOUSTON — The long decline in oil prices is hitting American oil companies where it hurts and forcing them to scale back some investments in their production that would otherwise drive future growth.
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[ 3.4 ms ] story [ 8.7 ms ] thread> HOUSTON — The long decline in oil prices is hitting American oil companies where it hurts and forcing them to scale back some investments in their production that would otherwise drive future growth.