In 2023, the UK's oil consumption was notably at 1.30 million barrels per day. Over the forecast period from 2024 to 2028, a gradual decrease in oil consumption is projected, dipping from 1.29 million barrels per day in 2024 to 1.27 million barrels per day by 2028. This reflects a marginal downward trend with minimal annual changes of less than 1%.

Future Trends to Watch For:

Shifts in government policy towards renewable energy could further impact oil consumption levels.
Technological advancements in energy efficiency may accelerate the reduction in oil demand.
Global economic conditions could introduce variability to these consumption forecasts.