Daily Traders Edge

The Wall Street Journal: Glut imperils North Sea oil industry, trade group says

February 23
00:46 2016

The U.K.’s decades-old offshore oil-and-gas industry is perched “at the edge of a chasm” amid a historic rout in oil prices that is pushing almost half of the sector’s producing fields into a loss and curbing investment in new ones, trade association Oil & Gas UK said in a report published Tuesday.

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