In 2023, Italy's closing stock of gas oil and diesel oil stood at a stable level, providing a baseline for forecasted trends. From 2024 to 2028, forecasts indicate a steady decline in stock levels from 3.44 million metric tons to 3.33 million metric tons. Year-on-year declines are consistent, with minor decreases observed annually. The Compound Annual Growth Rate (CAGR) over this period suggests a slight average annual reduction in stock levels.
Future trends to watch for include:
- Increasing efficiency in oil use potentially reducing demand for large stocks.
- Policy shifts towards renewable energy impacting fossil fuel stock levels.
- Economic factors influencing Italy’s oil import and storage strategies.
