Editorial: the Aberdonian ailment
As Brent crude "rallied" to $35 a barrel in trading this week, news coming out of the North Sea served as little comfort for an embattled hydrocarbons sector.
Investment is set to drop to a paltry twelve per cent of its estimated annual figure after an oil price rout that has seen the value of the Black Gold drop to a level on the metal scale somewhere between nickel and tin. Losing 70 per cent of its value from since the latter half of 2014, and sitting at one quarter of its 2008 all-time high...
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