UK Imports oil.......3 Feb 2020 08:17
As much as we don't want oil prices to drop, us investors that is, the UK still imports approx 600,000 bopd so there is still an awful lot of internal market share from 'home grown' oil. If we were exporters then that would affect the UK more but even with a world glut we still do not produce any where near what we consume as a nation, ever day, the Govt know this.