Can More Drilling Revive the UK’s Oil Capital? Doubts Run Deep

2026-02-10 - 05:45

(Bloomberg) — Aberdeen, with its windswept views of the North Sea, has for decades carried the title of Europe’s oil capital. After vast offshore reserves were discovered in the 1970s, the Scottish city transformed from a modest fishing port into a booming economy with one of the UK’s highest concentration of millionaires. Read More