In 2024, Norway dominates European crude oil production, contributing 59.12 GWh, followed by the UK at 27.4 GWh. Italy, Denmark, and Romania have noticeable shares but lag significantly behind the leaders. Noteworthy changes in 2023 include Norway's 5.22% production increase and Denmark's reduction by 8.42%. Spain experienced the largest decline at 43.38%, while Hungary saw a rise of 2.5%. Over the last five years, trends indicate declining production in many countries, influenced by economic and geopolitical factors.
Future trends to watch may include technological advancements in extraction, shifts towards renewable energy, and geopolitical changes potentially impacting production distribution and policies across Europe.
Top countries in Crude Oil Production Share by Country (Gigawatthours)
| # | 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 | 3.07 | 2023 | +1.3% | +1.44% | View data |
| 4 | 4 Denmark | 2.29 | 2023 | -10.36% | -8.42% | View data |
| 5 | 5 Romania | 1.76 | 2023 | -3.5% | -3.08% | View data |
| 6 | 6 Germany | 1.09 | 2023 | -1.44% | -3.26% | View data |
| 7 | 7 Ukraine | 0.95 | 2023 | -2.62% | -0.94% | View data |
| 8 | 8 Albania | 0.61 | 2023 | +5.23% | +2% | View data |
| 9 | 9 Poland | 0.58 | 2023 | +2.2% | -1.61% | View data |
| 10 | 10 Hungary | 0.56 | 2023 | +1.9% | +2.5% | View data |
