Crude Oil Production in the United Kingdom increased to 649 BBL/D/1K in July from 563 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - United Kingdom Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on December of 2025.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility, such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

In August 2025, the average price of one barrel of Brent crude oil was 67.87 U.S. dollars. This was a decrease from the previous month and 12 U.S. dollars below July 2024 prices. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.

United Kingdom BOE Forecast: Brent Crude Oil Price data was reported at 71.000 USD/Barrel in 2021. This records a decrease from the previous number of 74.000 USD/Barrel for 2020. United Kingdom BOE Forecast: Brent Crude Oil Price data is updated yearly, averaging 72.500 USD/Barrel from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 81.000 USD/Barrel in 2018 and a record low of 43.000 USD/Barrel in 2015. United Kingdom BOE Forecast: Brent Crude Oil Price data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.P009: Crude Oil and Gas Prices: Forecast.

Key information about United Kingdom Crude Oil: Production

• United Kingdom Crude Oil: Production was reported at 578.831 Barrel/Day th in Dec 2024
• This records a decrease from the previous number of 645.370 Barrel/Day th for Dec 2023
• UK Crude Oil: Production data is updated yearly, averaging 1,851.133 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 2,649.389 Barrel/Day th in 1999 and a record low of 1.583 Barrel/Day th in 1972
• UK Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Key information about United Kingdom Crude Oil: Imports

• United Kingdom Crude Oil: Imports was reported at 843.019 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 830.306 Barrel/Day th for Dec 2023
• UK Crude Oil: Imports data is updated yearly, averaging 1,050.800 Barrel/Day th from Dec 1980 to 2024, with 45 observations
• The data reached an all-time high of 1,127.872 Barrel/Day th in 2004 and a record low of 466.700 Barrel/Day th in 1983
• UK Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

Imports of Crude Oil in the United Kingdom increased to 2162 GBP Million in January from 1984 GBP Million in December of 2023. This dataset includes a chart with historical data for the United Kingdom Imports of Crude Oil.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

The United States is the main supplier of crude oil and natural gas liquids for the United Kingdom. In 2024, some 16.2 million metric tons of crude oil were imported from the U.S. Libya and Nigeria rounded out the top four origin countries. In 2024, crude oil and NGL imports in the UK totaled around 41.9 million metric tons. Leading export destinations As an exporter, the UK sold more crude oil to the Netherlands than any other country. In 2024, exports to the Benelux country stood at more than 11 million metric tons. This figure also includes crude oil volumes meant for transshipment or in transit to other destinations, like Belgium and Germany. Production of crude oil at home In 2024, the crude oil production in the UK amounted to 653,000 barrels per day. This was a decrease compared to the previous year and the lowest production volume since the country discovered offshore reservoirs. The UK has begun decommissioning many of its North Sea oil platforms and will continue doing so in the coming years. By 2030, the projected UK oil production is set to fall to some 21.1 million metric tons of oil equivalent.

Forecast: Crude Oil Energy Supply in the UK 2023 - 2027 Discover more data with ReportLinker!

.OPEC.CO: Crude Oil Exports

The average crude oil import price stood at $585 per ton in March 2025, leveling off at the previous month.

Forecast: Crude Oil and Condensate Production in the UK 2024 - 2028 Discover more data with ReportLinker!

United Kingdom Crude Oil Production: Offshore Field: Caledonia data was reported at 0.000 Ton th in 2017. This stayed constant from the previous number of 0.000 Ton th for 2016. United Kingdom Crude Oil Production: Offshore Field: Caledonia data is updated yearly, averaging 1.614 Ton th from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 405.687 Ton th in 2003 and a record low of 0.000 Ton th in 2017. United Kingdom Crude Oil Production: Offshore Field: Caledonia data remains active status in CEIC and is reported by Oil & Gas Authority. The data is categorized under Global Database’s UK – Table UK.RB028: Petroleum: Production: By Offshore Field.

In January 2023, the crude oil price stood at $662 per ton (CIF, United Kingdom), falling by -3.2% against the previous month.

Historical crude oil and petroleum data series updated annually in July alongside the publication of the Digest of United Kingdom Energy Statistics (DUKES).

View monthly updates and historical trends for United Kingdom Crude Oil Production. Source: Energy Information Administration. Track economic data with YC…