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North Sea Oil Decline Highlights UK Energy Security Concerns

Summary by Oil Price
Tony Blair’s think tank has called for the government to ditch its 2030 clean power target as it urged the Labour government to focus on making electricity cheaper in order to persuade Brits to use it over gas.  In a report published by the Tony Blair Institute (TBI), researchers called for the government to “solve” problems including the decline of North Sea oil production, which had made the UK less secure.  It is the latest indication that Bl…

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Oil Price broke the news in London, United Kingdom on Friday, October 24, 2025.
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