In 2023, Germany's fuel oil refinery output was approximately 77.45 thousand gigawatt-hours. By 2024, the output is forecasted at 76.76 thousand gigawatt-hours, marking a decline of 0.89% compared to 2023. The trend continues with a year-on-year decrease: 0.91% in 2025, 0.91% in 2026, 0.90% in 2027, and 0.91% by 2028. Over this period, the compound annual growth rate (CAGR) indicates an average annual decrease of around 0.90%, reflecting a consistent decline in output.
Future trends to watch for include:
- The impact of Germany's transition to renewable energy sources.
- Technological advancements in refining efficiency.
- Potential regulatory changes affecting fossil fuel usage.
- Global oil market dynamics and their influence on Germany.
