The UK produced less oil in the fourth quarter of 2012; the closure of Coryton in July 2012 was a key factor says a recently published report. Last month the Department of Energy and Climate Change published its Energy Trends and Quarterly Energy Prices covering new data for Q4 2012 and provisional annual data for 2012. Key findings • The UK’s total energy production was 10½% lower than in 2011 • Imports in 2012 were at a record high, with exports at their lowest level since 1989 • Oil production was 14½% lower than in 2011 – the lowest annual production volume since the current reporting system began • Production of petroleum products was down 8½%, with the closure of Coryton in July 2012 a key factor • Compare to Q4 2011, the cost of heating oil increased by 2. Read full story
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