Europe · GBR
United Kingdom
A North Sea has-been with a North Sea wind boom. TES is shrinking; the grid is not.
Oil production
0.7 mb/d
1.3 mb/d demand
Net oil
-0.6 mb/d
Near balance
Gas production
32 bcm
Net -32 bcm
O&G rent
0.4%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
2 bn bbl
Gas reserves
0.2 tcm
Refining
1.1 mb/d
LNG
15 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil36%
- Gas64%
Inflows and outflows
What leaves. What arrives.
United Kingdom outflows 0 kb/d crude, 0 bcm LNG. Inflows 0 kb/d crude, 20 bcm LNG.
Local crude
Dated Brent
$107.0
3 January 2026 · Maduro ousted
28 February 2026 · Iran war started
Still prices about 60% of seaborne crude. The marker the Strait actually writes.
All crude tapes and bpd flowsMapped crude
Barrels per day.
This economy is not on the mapped seaborne board. The corridors that rewired in 2026 are on Flows.
LNG out
None mapped.
LNG in
- United States20 bcm+6 bcm
Economy
Household energy bills are still political. Wind cannibalises wholesale prices then needs gas (or interconnectors) at 7pm. Fiscal oil rents are gone; the new rent is offshore lease auctions.
- GDP
- $3.7 tn
- Population
- 69.0 m
- Oil intensity
- 0.1 bbl /$1k
- Oil & gas rent
- 0.4% GDP
- Hydrocarbon trade
- 1.2% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -1.8 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 1.1 mb/d (net -0.5) versus NZE 0.6 mb/d (net -0.3).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 1.3 | 1.2 | 1.1 | 0.8 |
| Net Zero 2050 | 1.3 | 1.0 | 0.6 | 0.2 |
| Current Policies | 1.3 | 1.2 | 1.1 | 0.9 |