With oil crashing below $25 a barrel, NuStar Energy L.P. NS recently announced its downward revision of 2020 capital budget. So, the firm aims to prune capital spending this year, which is indicative of a roughly 30% or approximately $100 million cut from its prior guidance of $300-$350 million.The oil price is persistently trending in the bear market territory since the coronavirus pandemic’s adverse impact on global energy demand. As a result, the outlook for all the industries in the energy sector business seems gloomy. Thus, energy players are restricting their operational activities by trimming capital budgets.While the adjusted budget will help NuStar Energyride out the tough market conditions and sustain its operations, it will also assure job security to its current employees. This San Antonio, TX-based firm has a no lay-off policy by dint of which all its 1,400 personnel can retain their jobs in any kind of market disruption. This is because the firm believes that employees are the backbone of the company to rely on when combating the prevailing hardships.Apart from cost cuts and no retrenchment policy, earlier this week, the company chairman Bill Greeheyalong with at least five other board members acquired millions of dollar worth of the partnership’s stock to boost the firm’s financial position.With corporate insiders, such as the executives, directors or others associated with running the company expected to possess a deeper understanding of the business fundamentals than anybody else, it surely is an indicator on whom investors should depend heavily.Importantly, NuStar Energy, which owns pipelines and storage terminals all over the country, will not only be guided by its main measures but also constantly scan the commodity price movement, further aligning itself with the capex alteration plans in response to an ambiguous price scenario.While the coronavirus-induced bleak demand scenario inflicted maximum severity on the energy E&P players as evidenced by a flurry of capex-cut announcements from the likes of energy players including Matador Resources Company MTDR, Apache Corporation APA and Occidental Petroleum Corporation OXY among others, it now seems that even oil and gas partnerships like NuStar Energy is not immune to this volatility.Price PerformanceThis Zacks Rank #3 (Hold) stock has lost 63.8% over the past month compared with 47% decline of the industry it belongs to.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.NuStar Energy L.P. Price NuStar Energy L.P. price | NuStar Energy L.P. QuoteThe Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apache Corporation (APA): Free Stock Analysis Report NuStar Energy L.P. (NS): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Matador Resources Company (MTDR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research