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 barrel in 2025/26.
Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29
(in GBP per barrel)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for Budget Responsibility. (November 22, 2023). Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel) [Graph]. In Statista. Retrieved September 21, 2024, from https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
Office for Budget Responsibility. "Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel)." Chart. November 22, 2023. Statista. Accessed September 21, 2024. https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
Office for Budget Responsibility. (2023). Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel). Statista. Statista Inc.. Accessed: September 21, 2024. https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
Office for Budget Responsibility. "Forecasted Oil Prices in The United Kingdom from 2022/23 to 2028/29 (in Gbp per Barrel)." Statista, Statista Inc., 22 Nov 2023, https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
Office for Budget Responsibility, Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel) Statista, https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/ (last visited September 21, 2024)
Forecasted oil prices in the United Kingdom from 2022/23 to 2028/29 (in GBP per barrel) [Graph], Office for Budget Responsibility, November 22, 2023. [Online]. Available: https://www.statista.com/statistics/374961/united-kingdom-uk-oil-price-forecast-in-gbp/
