Oil imports fuel looming energy crisis (UK)

THE WORLD’S top energy watchdog has warned that the UK economy will become a net importer of oil this year for the first time in more than a decade – three years earlier than the government has predicted.

The International Energy Agency (IEA) has forecast that North Sea oil production will dip below 1.7m barrels per day this year, forcing the economy to rely on more imported supplies to meet demand.