Injuries sustained in an accident while working in the oil industry could be the subject of a Stroud injury at work claim
The town of Stroud can be located in the Gloucestershire county situated in England and Stroud media outlets have been reporting that the oil industry in the UK is close to collapsing due to the large falls in oil prices experienced recently. However, experts have said that the decreasing oil prices could potentially result in an overall net benefit to the economy in the UK.
The independent explorers association, Brindex, has stated that with the current oil price being below 38 pounds a barrel they cannot make a profit and can’t justify any new investment. However, a financial services company has said that the drop in oil prices is likely to lead to a net benefit to the UK economy although it is clear that the losses in this case will be the oil industry. Gas prices have remained relatively favourable and the Independent Oil and Gas Plc has said that its company will be investing in new gas resources that will be located just off the country’s east coast.
The director of Premier Oil, Mr Allan, has said in response to the oil prices fall that while this is a major crisis for the industry, it has happened in the past and the industry has adapted by reducing new investment, cutting jobs and generally decreasing costs where they can do so. He added that this process is painful one for the company, its staff and the country. Allan also said that this will be a common process at most oil companies in the next few weeks and continuing into the new year.
The chief economist at the financial services company, John Hawksworth, has said that the fall in oil prices will operate much like a tax cut for the UK’s economy, albeit one that will have its losses being absorbed by the major oil producing countries of Opec and Russia. Hawksworth said in relation to the UK that it is an important producer of oil but overall that it imports more than it exports so the falling prices will be a net positive for the economy. In addition, the economist said that certain areas in the UK will benefit and lose more than others with the Aberdeen oil industry set to incur heavy losses.
If you are injured in an accident at work while working in the oil industry then make a Stroud injury at work claim by phoning Accident Advice Helpline.Open Claim Calculator
A Stroud injury at work claim can be made for injuries sustained in an accident at work
A claim can be made in the Stroud area by calling Accident Advice Helpline on 0800 689 0500, for free from your mobile, or 0333 500 0993 from your mobile.
If you want us to call you then text ‘Claim365’ to 88010.