Advertisement
UK markets close in 2 hours 25 minutes

  • FTSE 100

    8,034.46
    +10.59 (+0.13%)
     

  • FTSE 250

    19,696.49
    +97.10 (+0.50%)
     

  • AIM

    753.24
    +4.06 (+0.54%)
     

  • GBP/EUR

    1.1613
    +0.0024 (+0.21%)
     

  • GBP/USD

    1.2390
    +0.0040 (+0.32%)
     

  • Bitcoin GBP

    53,415.50
    +11.77 (+0.02%)
     

  • CMC Crypto 200

    1,418.96
    +4.20 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    80.95
    -0.95 (-1.16%)
     

  • GOLD FUTURES

    2,322.70
    -23.70 (-1.01%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,054.41
    +193.61 (+1.08%)
     

  • CAC 40

    8,078.43
    +38.07 (+0.47%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Genel cuts outlook as Iraqi Kurdistan payments owed exceed $400 mln

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 20 (Reuters) - Genel Energy (Other OTC: GEGYF - news) , one of the main oil producers in Iraqi Kurdistan, has cut its full-year production guidance and revenue outlook after it lowered output from its oilfields due to a lack of payments for oil exports and weak prices, it said on Tuesday.

Genel cut its 2015 production outlook by 5,000-10,000 barrels per day (bpd) to 85,000-90,0000 bpd and lowered its revenue estimate for the year to $350-375 million, assuming Brent prices of $50 per barrel.

The company said it was owed $409 million by the Kurdish Regional Government as of Sept. 30 for oil exported from its fields.

A payment of $24.5 million for crude exported in September was expected imminently, it said.

(Reporting by Karolin Schaps; editing by Jason Neely)