Goldman Sachs has cut the outlook for oil prices to below $80 a barrel amid expectations of a surplus next year.
Oil prices have dropped to nearly their lowest point of the year.
Oil prices have dropped close to their lowest levels this year, driven by growing optimism over a potential ceasefire proposal in Gaza, which could help ease tensions in the Middle
Scotland’s Deficit Expands as North Sea Revenues Plummet
Scotland’s deficit has risen by more than £4.5 billion in the past year, as North Sea oil and gas revenues have halved, according to recent data.
Energy services giant Baker Hughes, a GE company (BHGE) opened its £31 million centre of excellence in Montrose this morning.
Scottish Energy Minister Paul Wheelhouse is due to speak at the inauguration ceremony for the base, which will deliver engineering, manufacturing, testing, assembly and services for deepwater technology. The project