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Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2040

Published by Jessica Aizarani, Jan 31, 2023
Wholesale price for crude oil in the United Kingdom is projected to rise from 57 to 90 U.S. dollars per barrel between 2020 and 2035, respectively. Figures are expected to remain at 90 U.S. dollars per barrel in 2040.

Wholesale price projection of crude oil in United Kingdom (UK) from 2020 to 2040* (in U.S. dollars per barrel)

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Source

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Release date

November 2020

Region

United Kingdom

Survey time period

2019

Supplementary notes

* Projected data is taken from the reference scenario, which is based on central estimates of economic growth and fossil fuel prices and contains all agreed policies where decisions on policy design are sufficiently advanced to allow robust estimates of impact (i.e. including "planned" policies).

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