Refinery output of Gas Oil and Diesel Oil (excluding biofuel) in Norway stood at 287.35 thousand terajoules in 2023. Analyzing the data from 2024 to 2028, we notice a steady year-on-year increase in refinery output. Specifically, there was a 1.01% increase from 2023 to 2024, 1.01% from 2024 to 2025, 0.99% from 2025 to 2026, 0.97% from 2026 to 2027, and 0.95% from 2027 to 2028. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is found to be approximately 1.02%.
Future trends to watch for include potential policy changes towards greener energy sources, technological advancements in refining processes, and global oil price fluctuations that may impact production levels. Additionally, the acceleration of electric vehicle adoption could significantly affect the demand for diesel oil in the longer term.
