This statistic shows the forecasted price of oil in the United Kingdom (UK) from 2017 to 2023, in U.S. dollars per barrel. The price of oil is expected to increase to 61.8 U.S. dollars in 2022/2023.
Forecasted oil prices in the United Kingdom from 2017 to 2023 (in U.S. dollars per barrel)
This statistic shows the forecasted price of oil in the United Kingdom (UK) from 2017 to 2023, in U.S. dollars per barrel. The price of oil is expected to increase to 61.8 U.S. dollars in 2022/2023.
Loading statistic...
| U.S. dollars per barrel | |
|---|---|
| 2016/17* | 44 |
| 2017/18 | 54.6 |
| 2018/19 | 64 |
| 2019/20 | 60.1 |
| 2020/21 | 59.6 |
| 2021/22 | 60.6 |
| 2022/23 | 61.8 |
| U.S. dollars per barrel | |
|---|---|
| 2016/17* | 44 |
| 2017/18 | 54.6 |
| 2018/19 | 64 |
| 2019/20 | 60.1 |
| 2020/21 | 59.6 |
| 2021/22 | 60.6 |
| 2022/23 | 61.8 |
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Description
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This statistic shows the forecasted price of oil in the United Kingdom (UK) from 2017 to 2023, in U.S. dollars per barrel. The price of oil is expected to increase to 61.8 U.S. dollars in 2022/2023.
Show more- Show sources information
- Show publisher information
- Release date
- March 2017
- Region
- United Kingdom
- Survey time period
- March 2018
- Supplementary notes
-
* Outturn
**Calendar year.
More information
- Region
- United Kingdom
- Survey time period
- March 2018
- Supplementary notes
-
* Outturn
**Calendar year.
Other interesting statistics
Crude oil and natural gas import origin countries to the United Kingdom (UK) 2017
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Coal mining trade in the United Kingdom (UK) 1970-2017
Deep and surface mining coal production in the United Kingdom (UK) 1970-2017
+
+Coal - fuel consumption in the United Kingdom 1970-2017
Natural gas production in the United Kingdom (UK) 2003-2017
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Statistics on "Fossil fuel industry in the United Kingdom (UK)"
- Overview
The most important statistics
- Indigenous production of fossil fuels in the United Kingdom (UK) from 2000 to 2017 (in 1,000 metric tons)*Fossil fuel indigenous production in the United Kingdom (UK) 2000-2017
- Total fossil fuel extraction in the United Kingdom (UK) from 1998 to 2017 (in Mtoe*)Total fossil fuel extraction in the United Kingdom (UK) 1998-2017
- Fossil fuel extraction in the United Kingdom (UK) from 1998 to 2017, by source (in Mtoe*)Fossil fuel extraction in the United Kingdom (UK) 1998-2017, by source
- Energy use shares in the United Kingdom (UK) from 1970 to 2017, by sourceEnergy use shares in the United Kingdom (UK) 1970 to 2017, by source
- Turnover of the crude oil and natural gas extraction sector in the United Kingdom (UK) from 2008 to 2016 (in million euros)UK: turnover of the crude oil and natural gas extraction industry 2008-2016
- United Kingdom oil reserves from 1990 to 2017 (in billion metric tons)Oil reserves in the United Kingdom 1990-2017
- Proved reserves of oil in the United Kingdom (UK) from 1995 to 2017 (in billion barrels)Proved reserves of oil in the United Kingdom (UK) 1995-2017
- Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from 1st quarter 2012 to 4th quarter 2017 in real prices (in pence per kWh)Price of fuels for major power producers in the United Kingdom (UK) 2012-2017
- Enterprises and employment
The most important statistics
- Number of enterprises in the crude petroleum extraction industry in the United Kingdom from 2010 to 2016UK: number of enterprises in crude petroleum extraction industry 2010-2016
- Number of enterprises in the crude petroleum and natural gas extraction industry in the United Kingdom (UK) from 2013 to 2018, by turnover size bandNumber of enterprises in the UK crude petroleum extraction industry 2018, by turnover
- Number of enterprises in the coal and lignite mining industry in the United Kingdom (UK) from 2013 to 2018, by turnover size bandNumber of enterprises in the UK coal & lignite mining industry 2018, by turnover
- Number of enterprises in the crude petroleum and natural gas extraction sector in the United Kingdom (UK) in 2018, by employment size bandNumber of enterprises in the UK fossil fuel extraction sector, by employment 2018
- Number of enterprises in the coal and lignite mining sector in the United Kingdom (UK) in 2017, by employment size bandNumber of enterprises in the UK coal and lignite mining sector, by employment 2017
- Number of people employed in the coal mining industry in the United Kingdom (UK) from 1920 to 2017 (in 1,000s)Employment in coal mining industry in the United Kingdom (UK) 1920-2017
- Total number of employees in the crude petroleum and natural gas extraction sector in the United Kingdom (UK) from 2008 to 2016UK: Extraction of crude petroleum & natural gas employment figures 2008-2016
- Annual personnel costs of the crude petroleum and natural gas extraction industry in the United Kingdom (UK) from 2008 to 2015 (in million euros)UK: personnel costs of the crude oil & natural gas extraction industry 2008-2015
- Oil and gas production
The most important statistics
- Oil production in the United Kingdom (UK) from 2003 to 2017 (in 1,000 barrels daily)*Oil production in the United Kingdom (UK) 2003-2017
- Natural gas production in the United Kingdom (UK) from 2003 to 2017 (in billion cubic meters)Natural gas production in the United Kingdom (UK) 2003-2017
- Indigenous production of crude oil and natural gas liquids in the United Kingdom (UK) from 1st quarter 2010 to 4th quarter 2017 (in 1,000 metric tons)Indigenous crude oil and NGLs production in the United Kingdom (UK) 2010-2017
- Number of offshore oil and gas wells under exploration and development on the United Kingdom continental shelf between 2000 and 2016Oil and gas well drilling in the North Sea by the United Kingdom (UK) 2000-2016
- Total fuel production on the United Kingdom Continental Shelf in the UK from 2014 to 2018* (in million barrels of oil equivalent) Total fuel production on the UKCS in the United Kingdom (UK) 2014-2018
- Total liquids production from the United Kingdom Continental Shelf in the UK from 2014 to 2018* (in million barrels of oil equivalent) Total liquids production on the UKCS in the United Kingdom (UK) 2014-2018
- Forecast number of oil wells and fields to be decommissioned on the United Kingdom Continental Shelf (UKCS) from 2017 to 2025 North Sea oil well decommissioning forecast UK 2017-2025
- Coal production
The most important statistics
- Indigenous production of coal in the United Kingdom (UK) from 2012 to 2017 (in Mtoe*)Indigenous production of coal in the United Kingdom (UK) 2012-2017
- Coal production from surface mining in the United Kingdom (UK) in 2017, by month (in 1,000 metric tons)Surface mined coal production in the United Kingdom (UK) 2017, by month
- Coal production from deep and surface mining in the United Kingdom (UK) between 1970 and 2017 (in 1,000 metric tons)Deep and surface mining coal production in the United Kingdom (UK) 1970-2017
- Number of deep mines and opencast sites producing coal in the United Kingdom (UK) from 2000 to 2017Functioning deep mine and opencast coal mines in the United Kingdom (UK) 2000-2017
- Trade
The most important statistics
- Imports and exports of crude oil and natural gas liquids in the United Kingdom (UK) from 2000 to 2017 (in 1,000 metric tons)*Crude oil and NGL imports and exports in the United Kingdom (UK) 2000-2017
- United Kingdom (UK) trade in crude oil from 1st quarter 2015 to 1st quarter 2018, by quantity traded (in million tonnes)United Kingdom (UK): Trade in crude oil 2015-2018, by quantity traded
- Origin countries of imported crude oil and natural gas liquids to the United Kingdom (UK) in 2017 (in 1,000 metric tons)Crude oil and natural gas import origin countries to the United Kingdom (UK) 2017
- Imports of natural gas into the United Kingdom (UK) in 2012 and 2017, by type (in billion cubic metres)Natural gas imports in the United Kingdom (UK) 2012-2017
- Pipeline exports of natural gas from the United Kingdom (UK) from 2012 to 2017 (in billion cubic meters)United Kingdom (UK): Natural gas exports 2012-2017
- Imports and exports of coal mined in the United Kingdom (UK) between 1970 and 2017 (in 1,000 metric tons)Coal mining trade in the United Kingdom (UK) 1970-2017
- Consumption
The most important statistics
- Fossil fuel dependence in the United Kingdom (UK) from 1970 to 2017United Kingdom (UK) dependence on fossil fuels 1970-2017
- Oil consumption in the United Kingdom (UK) between 2004 to 2017 (in 1,000 barrels daily)Daily oil consumption in the United Kingdom (UK) 2004-2017
- Natural gas consumption in the United Kingdom (UK) from 2003 to 2017 (in million metric tons of oil equivalent)Consumption of natural gas in the United Kingdom (UK) 2003-2017
- Inland coal consumption in the United Kingdom (UK) from 1970 to 2017 (in million metric tons)Coal - fuel consumption in the United Kingdom 1970-2017
- Total amount of coal transformed to energy in the United Kingdom (UK) from 2010 to 2017, by use (in thousand metric tons)Transformation of coal in the United Kingdom (UK) from 2010-2017, by use
- Final consumption of coal by industry in the United Kingdom (UK) from 2010 to 2017 (in thousand metric tons)Final consumption of coal for industrial use in the UK from 2010-2017
- Consumption of coal in the United Kingdom (UK) from 2015 to 2017, by industry use (in 1,000 metric tons)Industry consumption of coal in the United Kingdom (UK) 2015-2017
- Consumption of coal in the United Kingdom (UK) between 2011 and 2017, by end use (in 1,000 metric tons)End use of coal consumption in the United Kingdom (UK) 2011-2017
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Statistics on the topic
Free statistics
- Turnover of the crude oil and natural gas extraction sector in the United Kingdom (UK) from 2008 to 2016 (in million euros)
- United Kingdom oil reserves from 1990 to 2017 (in billion metric tons)
- Proved reserves of oil in the United Kingdom (UK) from 1995 to 2017 (in billion barrels)
- Number of enterprises in the crude petroleum extraction industry in the United Kingdom from 2010 to 2016
- Number of enterprises in the crude petroleum and natural gas extraction industry in the United Kingdom (UK) from 2013 to 2018, by turnover size band
- Number of enterprises in the coal and lignite mining industry in the United Kingdom (UK) from 2013 to 2018, by turnover size band
- Number of enterprises in the crude petroleum and natural gas extraction sector in the United Kingdom (UK) in 2018, by employment size band
- Number of enterprises in the coal and lignite mining sector in the United Kingdom (UK) in 2017, by employment size band
- Number of people employed in the coal mining industry in the United Kingdom (UK) from 1920 to 2017 (in 1,000s)
- Total number of employees in the crude petroleum and natural gas extraction sector in the United Kingdom (UK) from 2008 to 2016
- Annual personnel costs of the crude petroleum and natural gas extraction industry in the United Kingdom (UK) from 2008 to 2015 (in million euros)
- Natural gas production in the United Kingdom (UK) from 2003 to 2017 (in billion cubic meters)
- Indigenous production of coal in the United Kingdom (UK) from 2012 to 2017 (in Mtoe*)
- Coal production from deep and surface mining in the United Kingdom (UK) between 1970 and 2017 (in 1,000 metric tons)
- United Kingdom (UK) trade in crude oil from 1st quarter 2015 to 1st quarter 2018, by quantity traded (in million tonnes)
- Origin countries of imported crude oil and natural gas liquids to the United Kingdom (UK) in 2017 (in 1,000 metric tons)
- Imports of natural gas into the United Kingdom (UK) in 2012 and 2017, by type (in billion cubic metres)
- Pipeline exports of natural gas from the United Kingdom (UK) from 2012 to 2017 (in billion cubic meters)
- Imports and exports of coal mined in the United Kingdom (UK) between 1970 and 2017 (in 1,000 metric tons)
- Oil consumption in the United Kingdom (UK) between 2004 to 2017 (in 1,000 barrels daily)
- Total amount of coal transformed to energy in the United Kingdom (UK) from 2010 to 2017, by use (in thousand metric tons)
- Final consumption of coal by industry in the United Kingdom (UK) from 2010 to 2017 (in thousand metric tons)
- Consumption of coal in the United Kingdom (UK) from 2015 to 2017, by industry use (in 1,000 metric tons)
- Consumption of coal in the United Kingdom (UK) between 2011 and 2017, by end use (in 1,000 metric tons)
- Average prices for soybean oil worldwide from 2014 to 2025 (in nominal U.S. dollars per mt)
- Average prices for palm oil worldwide from 2014 to 2025 (in nominal U.S. dollars per mt)
- Average prices for coconut oil worldwide from 2014 to 2025 (in nominal U.S. dollars per mt)
Premium Statistics
- Indigenous production of fossil fuels in the United Kingdom (UK) from 2000 to 2017 (in 1,000 metric tons)*
- Total fossil fuel extraction in the United Kingdom (UK) from 1998 to 2017 (in Mtoe*)
- Fossil fuel extraction in the United Kingdom (UK) from 1998 to 2017, by source (in Mtoe*)
- Energy use shares in the United Kingdom (UK) from 1970 to 2017, by source
- Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from 1st quarter 2012 to 4th quarter 2017 in real prices (in pence per kWh)
- Distribution of gaseous fuels through mains revenue in the United Kingdom from 2010 to 2022 (in billion U.S. dollars)
- Oil production in the United Kingdom (UK) from 2003 to 2017 (in 1,000 barrels daily)*
- Indigenous production of crude oil and natural gas liquids in the United Kingdom (UK) from 1st quarter 2010 to 4th quarter 2017 (in 1,000 metric tons)
- Number of offshore oil and gas wells under exploration and development on the United Kingdom continental shelf between 2000 and 2016
- Total fuel production on the United Kingdom Continental Shelf in the UK from 2014 to 2018* (in million barrels of oil equivalent)
- Total liquids production from the United Kingdom Continental Shelf in the UK from 2014 to 2018* (in million barrels of oil equivalent)
- Forecast number of oil wells and fields to be decommissioned on the United Kingdom Continental Shelf (UKCS) from 2017 to 2025
- Coal production from surface mining in the United Kingdom (UK) in 2017, by month (in 1,000 metric tons)
- Number of deep mines and opencast sites producing coal in the United Kingdom (UK) from 2000 to 2017
- Imports and exports of crude oil and natural gas liquids in the United Kingdom (UK) from 2000 to 2017 (in 1,000 metric tons)*
- Fossil fuel dependence in the United Kingdom (UK) from 1970 to 2017
- Natural gas consumption in the United Kingdom (UK) from 2003 to 2017 (in million metric tons of oil equivalent)
- Inland coal consumption in the United Kingdom (UK) from 1970 to 2017 (in million metric tons)
- Price of crude oil imported by Italy in selected years from 2000 to 2017 (in euros per ton)
- Ratio of oil to natural gas prices worldwide from 1994 to 2016
- Brent breakeven price for new oil projects worldwide expected to start between 2014 and 2020, by source type (in U.S. dollars per barrel)*
- Are falling oil and gasoline prices a good thing or a bad thing for the United States' economy?
- Wholesale price projection of crude oil in United Kingdom (UK) from 2015 to 2035 (in U.S. dollars per barrel)
- What impact does the declining oil price have on the transportation sector in the Middle East?*
- Tax share in Russian oil profits depending on oil price, as of 2014
- What impact does the declining oil price have on the energy and utilities sector in the Middle East?*
- Quarterly oil price forecast for UK Brent and West Texas Intermediate (WTI) in 2015 (in U.S. dollars per barrel)
- What impact does the declining oil price have on the cities and urban development sector in the Middle East?*
- Asia Pacific region: Oil rents as percentage of GDP in 2015, by country
- What impact does the declining oil price have on the social infrastructure sector in the Middle East?*
- Average annual crude oil future Contract 1 prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
- Average annual crude oil futures contract two prices in the U.S. from 1990 to 2016 (U.S. dollars per barrel)*
- Cumulative aggregate economic benefits from providing BDS* to individuals in the United Kingdom (UK) from 2016 to 2025 (in million British pounds)
- Average annual crude oil futures contract three prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
- Average annual crude oil futures contract four prices in the U.S. from 1990 to 2017 (U.S. dollars per barrel)*
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