MARKET SPOTLIGHT AGAIN MOVES TO NORTH SEA
In the intensifying war of nerves in the world oil market, the spotlight is once again focused on the North Sea - more particularly on Norway's Statoil which will have to decide upon its December price levels by the end of the coming week.
In its mid-October move - which sparked off the current price crisis - Statoil granted discounts to contract customers of $1.35/B for October, scaling down to $1.05/B for November, with the December price...
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