In 2023, total support for petroleum in the UK stood at 3.47 billion USD. From 2024 onwards, a steady increase is projected, from 3.57 billion USD in 2024 to 3.95 billion USD in 2028, demonstrating a consistent year-on-year growth trend. The average Compound Annual Growth Rate (CAGR) over these years is approximately 2.52%. This consistent growth highlights a moderate yet predictable upward trend in financial backing for the petroleum industry.
Future trends to watch include potential policy shifts toward renewable energies, which could redirect funding. Moreover, global market dynamics and geopolitical factors will likely play significant roles in shaping UK petroleum support
