Supermarkets are cutting fuel prices amid claims that retailers are failing to pass on reduced wholesale costs.
Figures used by the Scottish Government to demonstrate the multi-billion pound impact of the Aberdeen bypass have not been updated in a decade, it has emerged.
A tough line from the US on imposing sanctions on Iran could see the oil price reach $80 a barrel, according to a pair of leading analysts.
Energy service companies ATR Group and Neptune Marine Services both announced key investments yesterday as they gear up for growth after the oil price slump.
The oil price drop has been severe, with a profound effect on the industry. Almost every business is reassessing how it operates and looking for ways to respond – cutting costs and discretionary capex, all the while enhancing production volumes to keep their head above water.
Oil halted its decline near the lowest close in more than two months as investors weighed a global supply glut against heightened geopolitical tension after France bombed Syria in response to terrorist attacks in Paris. Read full story on our sister website Energy Voice.
The SNP's energy spokesman has admitted that the Scottish Government will never see the "huge income" from oil revenues that were predicted as the cornerstone of an independent Scotland's economy.
A north-east homeless charity is also noticing the impact of the declining oil price.
The current drop in oil price has meant many experienced professionals have found themselves out of work. It is an unsettling scenario, leaving many uncertain of where to turn.
North Sea oil expert Sir Ian Wood, who led a review of the industry for the Government which reported last year, said a major tax cut was necessary to give producers the confidence to keep their operations going.
Thousands of north-east oil and gas workers will learn whether their jobs are safe today, when BP reveals what action it is taking to reduce costs.
BP workers will tomorrow find out if cuts are to affect their jobs. The energy giant is soon expected to share findings of an exercise aimed at saving money. Read the full story on the Press and Journal’s sister website, Energy Voice.
A new taskforce will be created to support Scotland’s oil and gas sector. The First Minister announced the move on a visit to Aberdeen amidst a further drop in oil prices. Read the full story on the Press and Journal’s sister website, Energy Voice.
The oil price is expected to "bounce back" from five and a half year lows this year - but North Sea activity will continue to decline, energy policy experts have predicted.
Oil prices have surged to a nine-month high after turmoil in Iraq threatened the outlook for production.