UK weighs scrapping Rosebank oilfield as Brent tops $100

The UK government is reconsidering approval for the Rosebank oilfield, its largest untapped reserve, amid an oil shock with Brent above $100. The operator warns that if the project is scrapped, Britain will rely on imports for over 70% of its oil. This decision marks a potential policy reversal under energy-security pressure, with implications for domestic production and import dependence.

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