By Selwyn Parker
Business comment
ABOUT THE only place in Scotland where the price of West Texas Intermediate Crude is on everybody’s lips is Aberdeen. But even in oil city there must be some confusion about the relationship between the wholesale cost of the black stuff and BP’s imminent cutbacks there.
The big question is why BP is taking the scalpel to its Aberdeen-headquartered North Sea business when the benchmark price of oil keeps on breaking new records and presumably boosting profits.