The North Sea Transition Authority (NSTA) expects UK crude oil production to continue dropping this year, according to data published on its website recently.
UK crude oil production is projected to average 0.53 million barrels per day in 2025 in the NSTA’s updated output forecasts, which show that this production averaged 0.77 million barrels per day in 2021, 0.71 million barrels per day in 2022, 0.63 million barrels per day in 2023, and 0.56 million barrels per day in 2024.