United Kingdom Crude Oil Production  Forecast 2016-2020

Crude Oil Production in the United Kingdom is expected to be 950.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in the United Kingdom to stand at 950.00 in 12 months time. In the long-term, the United Kingdom Crude Oil Production is projected to trend around 880.00 BBL/D/1K in 2020, according to our econometric models.

United Kingdom Crude Oil Production
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Forecast Actual Q3/17 Q4/17 Q1/18 Q2/18 2020 Unit
Crude Oil Production 944 950 950 950 950 880 BBL/D/1K
United Kingdom Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United Kingdom Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United Kingdom Crude Oil Production - was last predicted on Wednesday, July 26, 2017.



United Kingdom Trade Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -3073 -1100 -2100 -3800 -4500 -1000
Exports 49657 43000 42700 43300 43200 43700
Imports 52730 44100 44800 47100 47700 44700
Current Account -16895 -19320 -27230 -21210 -14640 -22840
Current Account to GDP -4.4 -4 -4 -3.7 -3.7 -1.5
External Debt 6046609 6297000 6345000 6372000 6423000 6811000
Terms of Trade 99.9 96.4 97.5 98.2 98.4 100
Capital Flows 11270 17800 42100 12100 15400 36900
Foreign Direct Investment 5114 -500 14900 44100 26300 15900
Gold Reserves 310 310 310 310 310 310
Crude Oil Production 944 950 950 950 950 880
Terrorism Index 5.08 5.08 5.08 5.08 5.08 5.08
Tourism Revenues 2050 2460 2080 1400 2100 2490
Tourist Arrivals 3520 3290 2760 2680 3460 2990
Weapons Sales 1393 1181 1170 1195 1219 1273