Diversity of supply for oil and oil products in OECD countries in 2023

Summary

In 2023, OECD countries, including the UK, faced challenges in oil supply security due to ongoing sanctions against Russia and a post-COVID surge in transport fuel demand. This report analyzes the diversity and self-sufficiency of oil and oil product supply across OECD nations, with a focus on the UK's position. The analysis concludes that the UK remained well-positioned to meet its crude oil and transport fuel demands, demonstrating higher crude self-sufficiency than the OECD average and high diversity in imports for diesel and jet fuel, despite ending all oil imports from Russia.

Key Facts

Source Document

https://example-government.gov/policy-document-link