shadow

Britain cutting price of its North Sea oil

Britain is cutting the price of its North Sea oil by at least $2 a barrel due to the current oil glut on world markets, oil companies said. The cut takes effect July 1 and has been anticipated in financial markets for some weeks. Britai n ranks as the United States' ninth-largest oil supplier.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.