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British oil industry warns it may collapse - CNNMoney
CNNMoney | British oil industry warns it may collapse CNNMoney The future of Britain's offshore oil industry hangs in the balance as losses mount and investment collapses. A new report by Oil & Gas UK predicts that 43% of British oil fields in the North Sea will lose money this year if oil prices remain around $30 ... North Sea oil 'standing at the edge of a chasm' Oil lobby warns UK output could halve by 2025 if money dries up Chancellor urged to use budget to support ailing North Sea oil industry |
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