The crude oil energy supply in France experienced a fluctuating trend from 2013 to 2023, with notable peaks in 2015 and 2022. The values in Million Tonnes Of Oil Equivalent stood at 46.54 in 2023. The year-on-year variation between 2022 and 2023 showed a modest growth of 2.25%, while the average variation per year over the last five years (CAGR) was -3.33%. The forecast for 2024 predicts a slight decrease to 44.55 Million Tonnes Of Oil Equivalent. The anticipated average annual decline over the next five years (2024-2028) is -3.75%, with an overall reduction of approximately -17.41% in crude oil energy supply by 2028.
Future Trends to Watch For:
• Increased investment in renewable energy sources as France seeks to reduce reliance on fossil fuels.
• Potential fluctuations in global oil prices and their impact on national supply strategies.
• Policy shifts towards sustainability and their influence on energy imports and consumption.
