RE: OEUK19 Feb 2024 09:51
Morning Mommur,
I do recall reading on the official GOV.UK site that these 'floor figures are now linked to inflation, not sure what measure of inflation that is but I do remember seeing it, somewhere or then again it could be the same as I saw Kylie Minogue in my bedroom the other night, who knows !!
That said, given it needs both oil & gas to be at an average below these figures for 6 months (I think that's the criteria) there is not a cat in 'ell chance of it ever being invoked.
As for having the industry "over a barrel", should that not be 'over a boe' !!!
aimo & dyor