Aberdeen grew rich because of North Sea oil. Since oil prices have dropped, unemployment has been rising. Many workers from the oil industry have lost their homes because they can no longer pay their mortgages.
As shale oil makes a comeback, the United States could outstrip Russia and Saudi Arabia to become the world's biggest oil producer. But is this new boom in black gold sustainable?
Due to the rapid development of electric vehicles and travel-sharing services, global consumption of oil will decline about 20 years from now, the British oil and gas giant has predicted in its latest industry outlook.
The temporary closure of one of the biggest North Sea oil pipelines gives some much-needed hope to OPEC oil producers after months of stagnant prices. So far Brent crude oil prices have not budged much.
An explosion at an Austrian gas import hub is adding to European supply woes after a North Sea pipeline shutdown, causing energy prices to soar on markets across the continent and Italy to declare a state of emergency.
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