OPEC

UK Oil Production Down in December

The news that UK oil production in December was nearly 200,000 b/d less than in the previous month -the December average came to 2.486mn b/d as against 2.677mn b/d in November -has aroused a degree of curiosity among oil industry observers. The decrease runs against the historical trend in that production is usually higher in December than in November, but it is not clear whether any significance can be attached to this fact in terms of the...