Analysis of Forecast: Crude Oil Energy Supply in Austria
In 2023, Austria's crude oil energy supply stood at 107.41 thousand gigawatt-hours. The forecasted data for the coming years from 2024 to 2028 indicates a steady increase in the crude oil energy supply, ascending from 107.98 thousand gigawatt-hours in 2024 to 110.33 thousand gigawatt-hours in 2028.
Year-on-year variation:
- 2024-2025: 0.56%
- 2025-2026: 0.54%
- 2026-2027: 0.53%
- 2027-2028: 0.53%
Compound Annual Growth Rate (CAGR) for 2024-2028 is approximately 0.54%.
Future trends to watch:
- Advances in renewable energy technologies and potential policy shifts could impact Austria’s reliance on crude oil.
- Geopolitical factors and global oil market dynamics that may influence importability and domestic energy strategies.
- Increased focus on sustainability and carbon reduction could drive energy diversification efforts away from crude oil.
