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U.K. Oil Product Demand Fell to Lowest in 10 Years

U.K. demand for oil products declined in February to the lowest level in almost 10 years, according to the Department for Energy and Climate Change.

Consumption dropped to 5.12 million metric tons, the lowest level since July 2002, data published today on the government department’s website show. Demand in the three months to February fell 5.5 percent to 15.5 million tons from a year earlier, according to DECC.

Demand for heating oil decreased by 32 percent in the three-month period, while fuel oil dropped by 18 percent, DECC said. Diesel consumption rose by 1.4 percent to 5.163 million tons in the three-month period, the data show.

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