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Nov 28, 2023 · Outlook. In 2022/23 oil prices in the United Kingdom are expected to reach 80.1 British pounds per barrel, before falling to 67.43 pounds per barrel in 2023/24, and 63.78 pounds per...
Discover data on Crude Oil and Gas Prices: Forecast in United Kingdom. Explore expert forecasts and historical data on economic indicators across 195+ countries.
Aug 12, 2021 · Global oil demand is now seen rising 5.3 mb/d on average, to 96.2 mb/d in 2021, and by further 3.2 mb/d in 2022. World oil supply rose by 1.7 mb/d in July to 96.7 mb/d after Saudi Arabia ended its extra voluntary production cut and the North Sea recovered strongly after maintenance.
Global oil demand rebounded in 2021 from its Covid-induced historic decline and while demand is set to keep increasing in the immediate years, its longer-term outlook is uncertain because of challenges from alternative fuels and changing behaviour of drivers and commuters.
Sep 14, 2021 · Prices fell on average in August, trading in a wide $8-9/bbl range, and the forward price curve flattened substantially. The drop reflects concerns about economic growth, inflation prospects and weaker oil demand linked to rising Covid infections.
UK Reserves and Resources. The NSTA estimate for remaining UK recoverable petroleum resources, include Reserves, Undeveloped Resources and undiscovered petroleum resources. A total of some 46.4 billion boe of oil and gas had been produced from the UKCS by the end of 2021.
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Feb 8, 2021 · Risks to the oil price forecasts. At the moment we are seeing both demand and supply side catalysts driving the price of oil higher, as hopes of a sustained economic recovery and lower levels of production could equate to a deficit of the commodity in 2021.
