The crude oil energy supply in the UK decreased from 705.18 Thousand Gigawatthours in 2013 to 561.9 Thousand Gigawatthours in 2023. Between 2013 and 2023, the compound annual growth rate (CAGR) was approximately -2.28%. The year-on-year changes over the last two years show a consistent decline with a -2.5% variation in 2023. Forecasted data from 2024 to 2028 anticipates the crude oil energy supply will continue to decline, reaching 484.74 Thousand Gigawatthours by 2028, representing a forecast five-year growth rate of -10.89%.

Future trends to watch for:

Increased investment in renewable energy sources as a part of the UK’s commitment to reducing carbon emissions.
Adjustments in energy policies in response to global economic shifts and geopolitical factors.
Potential technological advancements in oil extraction and energy efficiency.