Q2 2012- oil production and consumption decreases

Oil production and consumption decreases

Total energy production – Q2 2012

Oil production fell by 12.2% in the second quarter of 2012, compared with a year earlier. Oil consumption fell by 2.4%.

The Department of Energy and Climate Change has published the figures in Energy Trends and Quarterly Energy Prices, publications which give statistics on energy production and consumption.

The data showed that the price of heating oils fell by 4.5% between quarter 2 2011 and quarter 2 2012, and by 5.6% between the first and second quarter of 2012.

 Natural gas production fell by 13.9%, while total primary energy consumption rose by 6.3%.

 The falls in production of oil and natural gas have been attributed to maintenance activity and a slowdown in a number of fields.

 Total energy consumption in the second quarter of 2012 was recorded at 31.5 million tonnes, with oil producing 12.2 million tonnes of that figure. Natural gases accounted for 10.2 million tonnes.

Total primary energy consumption rose by 6.3%, but when weather differences between 2012 and 2011 were accounted for, the figure was 0.8%.

www.decc.gov.uk

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