Is the tide turning for the North Sea?

It's predicted oil demand will triple next year with the price of oil jumping to $60 a barrel.

Published 19th Nov 2015

Could a recovery from the oil price crisis be just round the corner?

Tens of thousands of jobs have been lost since the price of oil started sliding to around $45 a barrel.

Barclays Corporate Banking says demand is already on the rise - and they're predicting a big increase in demand next year.

They estimate the price will rise to about $60.

But other experts say it's too early to get our hopes up.

Professor Alex Russell from Robert Gordon University says if the price rises, it'll encourage the US to increase shale production - and that won't help the North Sea.