Germany's fuel oil refinery output is forecasted to decline from 276.33 thousand terajoules in 2024 to 266.45 thousand terajoules in 2028. This illustrates a gradual downward trend in production, with an approximate year-on-year decrease ranging from 0.9% to 1% over this period. The compound annual growth rate (CAGR) over these years reflects a sustained contraction in the output of about 0.9% annually.
Future trends to watch include:
- The impact of Germany's energy transition policies and decarbonization goals on refinery outputs.
- Technological advancements in alternative energy sources which may further decrease demand for fuel oil refinements.
- Geopolitical factors and global oil market dynamics influencing production strategies.