07/11/2016at 10:44

Prepare for North Sea oil flood as OPEC plans output curbs

While the OPEC countries attempt to limit overproduction, oil companies operating in the North Sea are headed towards new records.

BY LAURA HURST, BLOOMBERG

Oil producers in the North Sea, home to one of the world's key crude-price benchmarks, are poised to ship the most crude in more than four years. The surge takes place just as OPEC tries to contain a global surplus with coordinated output cuts.

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