Oil consumption in Denmark stood at 138.95 Thousand Barrels Per Day in 2023. Forecasted data shows a steady increase from 2024 to 2028, with oil consumption expected to reach 141.03 Thousand Barrels Per Day by 2028. The year-on-year variation indicates consistent growth, with an average increase of around 0.4%. Over the last two years, there has been a slight but steady upward trend, and the 5-year Compound Annual Growth Rate (CAGR) stands at approximately 0.3%.
Future trends to watch for include shifts towards renewable energy sources, potential changes in government energy policies, and technological advancements in energy efficiency which could impact oil consumption patterns. Additionally, global economic conditions and oil price fluctuations will also play a critical role in shaping future consumption trends in Denmark.
