20 April 2024
Pressure building to increase UK North Sea tax breaks
Publication date: 28 November 2014
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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UK finance minister George Osborne is facing increased pressure to introduce tax cuts to UK North Sea oil and gas production following oil cartel Opec's decision this week to maintain current production levels despite a supply glut and falling demand which sent global benchmark Brent tumbling to a four-year low of USD 71.1visual_editor/barrel on Thursday.