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Statoil (STO) prepares to shut down production on the Norwegian continental shelf following a...

Statoil (STO) prepares to shut down production on the Norwegian continental shelf following a notice of lockout from the Norwegian Oil Industry Association to take effect Monday and be imposed on all members of striking unions. The leader of the SAFE trade union says the unions are prepared to strike for "weeks." Brent crude +2.1% to $101.90. STO -3.7% premarket.
Comments (3)
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    Sto is Loosing 69 million EURO a day
    5 Jul 2012, 10:57 AM Reply Like
  • Deltascared
    , contributor
    Comments (289) | Send Message
     
    And Old Europe constantly knocks the USA and our stupidity. Ha Ha STO should be at $26 except for the Europeans inability to control unions and do budgets. At least the worldwide recession is being delayed by the Germans until 2013.
    5 Jul 2012, 01:36 PM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    I regret that I can't translate for you the Europe Newspapers to English. (French, German and Dutch and a little Russian are my languages)
    5 Jul 2012, 02:09 PM Reply Like
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