Commodities

Premier Oil Cuts More Debt Than Forecast

LONDON — Britain’s Premier Oil cut debt to $2.3 billion (1.80 billion pounds) at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.

Premier’s full-year production of 80,500 barrels of oil equivalent per day came in slightly above its guidance and 7 percent above its 2017 output.

(Reporting By Shadia Nasralla and Arathy S Nair; Editing by David Goodman)

Source

neallesh@yahoo.co.uk

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