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Although the initial announcement of the cutback extension did boost oil prices as markets would have preferred an actual cut in production rather than an extension under the current levels, we expect the resolve and agreement demonstrated by OPEC to boost prices in the long term, picking up from current levels.
Wansbeck Labour MP Ian Lavery added: "The reality of these cutbacks is that someone, somewhere will lose a loved one.
The initial news of the cutback was reported by JimRomenesko.
Just [euro]1million in cutbacks to the St Michael's House service will deeply impact the lives of the 1,500 people in their care.
ShawCor's Mobile Robotic Cutback System is one of the 15 technologies to receive a 2013 Spotlight on New Technology Award from the Offshore Technology Conference (OTC), the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection.
It is an unfortunate fact that the Government's era of austerity means every household on Teesside is likely to feel the pain of the councils' cutbacks.
An airport worker hit out at the latest manpower cutbacks at the fire station.
The real tragedy is that a concerted effort of in-your-face policing was bearing fruit, before this recent round of cutbacks.
OUTSOURCING giant Serco has reported rapid growth in overseas markets as Government cutbacks create "challenging conditions" in the UK.
ClickPress, Sat Feb 05 2011] The recent survey of 2,000 people in the UK found that people were anxious in light of the new Government cutbacks especially as thousands of jobs are being slashed at local authorities, inflation as risen to 3.
This will force HRI to make further cutbacks, with Kavanagh reluctant to speculate as to what would be worst effected.
The firm needs 10 people to volunteer out of the 61 people it employs in the city as part of cutbacks across its group.