The International Energy Agency has forecast the strongest demand growth in two years as OPEC discusses prolonging its cuts well into 2018. In London, oil sales for November settled at $54.29 per barrel. This is well within the serious profitability range for North Sea oil:
OPEC increased its estimates for demand based on rising demand in Europe and China to 32.8 million barrels per day. Scottish oil is already feeding this demand and revenues are flooding unfortunately into London:
I know many of you are not too enthusiastic about oil extraction and favour green solutions but my purpose is to make sure no Unionist can ever tell us Scotland’s oil revenue is finished.