The Saudis don't care where the production cuts come from as long as they maintain market share imo
OSLO, Jan 15 (Reuters) - Norwegian energy investments will tumble this year, exacerbating a drop in oil production, and low crude prices could lead to further project delays and production cuts, the oil directorate said on Thursday.
http://mobile.reuters.com/article/idUSL6N0UU1IF20150115?irpc=932
LONDON, Jan 15 (Reuters) - BP will cut hundreds of jobs in the North Sea to reduce costs in one of the world's most expensive exploration areas as oil prices fall.
http://mobile.reuters.com/article/idUSL6N0UU1KJ20150115?irpc=932
Oil $47.18US in early trade, page-94
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