The price of a barrel of oil has been rising steadily in recent months.
Whilst prices have slipped back a little – in the light of OPEC’s apparent plan to relax their recent self-imposed constraints on supply – oil prices continue to hover close to their highest level in three years.
The recent increase has helped to provide a boost for contractors and operators in the North Sea.
You may have missed it over the last few days following the publication of a couple of other economic reports, but late last month we published the latest set of results in our joint survey with Aberdeen and Grampian Chamber of Commerce – sponsored by KPMG – which showed further signs of returning optimism in the sector.
In this blog, we discuss some of the key results and their potential implications for the wider Scottish economy and the growth outlook for 2018.Continue reading