In 2023, Mexico led the Global Direct Transfer on Petroleum for fossil fuel production with a significant share, maintaining a constant value. Canada saw the highest increase in transfers by over 190%, while Russia experienced a sharp decline of over 40%. Meanwhile, other countries such as Japan, Australia, and New Zealand showed moderate increases. Azerbaijan, Colombia, Italy, Norway, Switzerland, and the Netherlands all experienced reductions in their shares. These variations indicate a shift in the geopolitical landscape and energy policies.
Future trends to watch include:
- Potential policy changes focusing on renewable energies could further impact fossil fuel production transfers.
- Environmental commitments might lead to decreased support for fossil fuel sectors in various countries.
- Economic factors and geopolitical tensions could alter investments and transfers dramatically.
Top countries in Direct Transfer on Petroleum for Fossil Fuel Production Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 56.63 | 2023 | +30.73% | View data | |
| 2 | 2 Canada | 18.91 | 2023 | +32.73% | +194.51% | View data |
| 3 | 3 Japan | 14.93 | 2023 | -1.22% | +2.31% | View data |
| 4 | 4 Indonesia | 3.56 | 2023 | +9.54% | View data | |
| 5 | 5 Azerbaijan | 1.92 | 2023 | +37.16% | -1.05% | View data |
| 6 | 6 Colombia | 1.29 | 2023 | -2.69% | -4.6% | View data |
| 7 | 7 Italy | 0.43 | 2023 | -0.43% | -1.9% | View data |
| 8 | 8 Australia | 0.3 | 2023 | +7.87% | +5.9% | View data |
| 9 | 9 Norway | 0.25 | 2023 | -7.16% | -4.73% | View data |
| 10 | 10 Russia | 0.1 | 2023 | -71.74% | -42.38% | View data |
