Half of announced North American oil cuts come from just three companies

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(Reuters) – Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies – Chevron, ConocoPhillips and Occidental Petroleum – account for more than half of the cuts.

FILE PHOTO: Chevron oil exploration drilling site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz

Oil and gas producers are deep into crisis mode as a result of the worldwide slump in demand caused by coronavirus lockdowns. Fuel demand is down more than 30%, and the world’s big producers

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New coronavirus antibody test announced by Abbott

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Abbott Laboratories  announced Wednesday the launch of its third test for the coronavirus and said it could be screening up to 20 million people for antibodies for Covid-19 by June.

Abbott said it plans to distribute 4 million of the new antibody tests by the end of this month, after an initial shipment of 1 million tests this week to US customers, beginning Thursday.

“Antibody testing is an important next step to tell if someone has been previously infected,” Abbott said in a press release.

“It will provide more understanding of the virus, including how long antibodies stay in the

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