Oil price collapse a 'body blow' for North Sea oil and gas sector, industry chief warns

S&P GLOBAL PLATTS | The collapse in global crude prices, led by the US, is a "body blow" for the North Sea industry, and government help will be needed to protect the sector, industry group Oil & Gas UK's chief executive Deirdre Michie has said. In a statement after the US WTI contract for May plunged into negative territory, spurring a plunge in Brent prices, Michie said the North Sea industry would not escape unscathed.

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