Over the years, major companies like BP and Shell have invested there. As a result, Aberdeen has more millionaires per capita than London. But now fortunes are changing and people are worried about their jobs.
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.
Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its holdings, saying it already has enough exposure to the industry and wants to protect against fluctuating oil prices.
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