OIL & YOUR COUNTRY / United Kingdom
OIL & UNITED KINGDOM
United Kingdom is a net importer of 615.4 kb/d of petroleum liquids (2025: consumes 1,384, produces 768.6 kb/d — derived from EIA international statistics). Brent rose $15.40 over the past month, to $94.76 (2026-09-02).
PAST MONTH'S MOVE × NET POSITION 615.4 kb/d x 1,000 x +$15.40 = +$9.5M/day
ANNUALIZED IF THE MOVE HOLDS +$3.46B/yr
YESTERDAY'S SESSION ALONE 615.4 kb/d x 1,000 x +$0.11 = +$68K/day
A rise costs it; a fall pays it. Sign follows the move.
First-order border-price exposure: the country's net oil position re-priced at the Brent move, nothing else. It is not a realized import bill or fiscal forecast — it excludes term-contract lags, benchmark differentials (Dubai/Oman, WTI), hedging, product mix, and subsidies. An exact answer to one defined question.
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