In 2023, Norway dominated European crude oil production with a 59.12% share, experiencing a growth of 5.22%. The United Kingdom followed with a 27.4% share, seeing a slight decrease of 1.82%. Italy showed marginal growth, while Denmark's production fell sharply by 8.42%. Eastern European countries like Ukraine and Romania displayed minor reductions in output. Smaller producers such as Hungary showed slight increases, while Spain and the Netherlands showed notable declines, at -21.9% and -6.07% respectively.
Future trends to watch include Norway's production sustainability, UK's potential recovery, and the impacts of green policies across Europe on production capacities, along with technological advancements enhancing extraction in smaller countries.
Top countries in Crude Oil Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 59.12 | 2023 | +4.16% | +5.22% | View data |
| 2 | 2 United Kingdom | 27.4 | 2023 | -2.16% | -1.82% | View data |
| 3 | 3 Italy | 3.01 | 2023 | +0.23% | +1.04% | View data |
| 4 | 4 Denmark | 2.29 | 2023 | -10.36% | -8.42% | View data |
| 5 | 5 Romania | 1.77 | 2023 | -3.37% | -3.03% | View data |
| 6 | 6 Germany | 1.05 | 2023 | -2.93% | -3.84% | View data |
| 7 | 7 Ukraine | 0.95 | 2023 | -2.62% | -0.94% | View data |
| 8 | 8 Albania | 0.62 | 2023 | +5.37% | +2.07% | View data |
| 9 | 9 Poland | 0.58 | 2023 | +2.2% | -1.61% | View data |
| 10 | 10 Hungary | 0.56 | 2023 | +1.89% | +2.49% | View data |
