The investment challenge

摘要

UKPIA's Malcolm Watson and Nick Vandervell provide an overview of the key challenges facing today's UK refining sector. T he volatility seen in oil markets over the last year, while not matching the turmoil in financial markets, highlights the international mixture of the UK's oil and gas supply and some of the associated exposures. We are still fortunate in having access to North Sea oil, although production from the UK sector is declining. The oil industry also provides a secure source of refining oil products for the UK to keep the 'wheels turning'.