Marathon Oil deepens spending cuts on oil price rout

(Reuters) - Marathon Oil Corp on Wednesday cut its capital expenditure for the second time in a month, as crude oil prices hover around $30s per barrel due to a price war among top producers and the coronavirus-fueled hit to demand. The company follows Devon Energy and Occidental Petroleum in again reducing spending, with North American energy producers now cutting nearly $37 billion, or about 30%, from their original capex estimate, according to data compiled by Reuters. Marathon Oil now..