Exxon Mobil Corp. is targeting its premier shale assets for deep cuts as it slashes worldwide spending to a four-year low and delays major projects to adapt amid the worst oil-price rout in decades.

India, the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signaling its support for global efforts to rescue the energy market.

Collapsing oil prices are having at least one positive side effect: less flaring in North America’s biggest shale field.

Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of Mexico, workers navigate narrow corridors, sleep in shared rooms and dine in crowded mess halls.

In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion in assets in 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production and Marketing & Services.

The world’s largest oil producers are pressing ahead with talks for an unprecedented deal to mitigate the devastating impact of the coronavirus crisis on their industry, even as their leaders exchange barbs.

Oil faces a critical week as Saudi Arabia, Russia and other global producers work frantically to secure a meeting aimed at stemming the crash in oil prices.