The European Fuel Oil Refinery Output in 2024 reveals the Netherlands as the highest producer with 7.72 million tonnes of oil equivalent, followed by Germany with 6.45, and Italy with 5.62. France, Belgium, and Greece follow closely behind. The United Kingdom and Ukraine have experienced the most significant declines in output, with -18.38% and -32.19% respectively in 2023. Consistently high outputs are observed in the Netherlands and Germany, though with slight decrements over the past year. Various countries like Norway and Slovakia have shown slight increases or stability in output.
Future trends to watch for European Fuel Oil Refinery Output by Country:
- Potential continued decline in outputs for countries experiencing significant drops due to possible economic, regulatory, or environmental pressures.
- Stable or increasing outputs in countries with strategic investments in refining technologies or infrastructure upgrades.
- Shifts towards renewable energy sources may decrease overall refinery outputs, impacting overall industry dynamics over the next decade.
- Geopolitical developments affecting supply chains and crude oil availability, especially in Eastern European countries.
Top countries in Fuel Oil Refinery Output by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 7,720 | 2023 | -1.14% | -6.43% | View data |
| 2 | 2 Germany | 6,450 | 2023 | -0.16% | -1.69% | View data |
| 3 | 3 Italy | 5,620 | 2023 | -3.34% | -3.02% | View data |
| 4 | 4 France | 5,530 | 2023 | +4.15% | -0.23% | View data |
| 5 | 5 Belgium | 5,420 | 2023 | +8.75% | -6.25% | View data |
| 6 | 6 Greece | 4,940 | 2023 | +5.85% | -4.86% | View data |
| 7 | 7 Sweden | 4,490 | 2023 | +2.46% | -2.63% | View data |
| 8 | 8 Spain | 4,320 | 2023 | +4.7% | -5.68% | View data |
| 9 | 9 Poland | 3,100 | 2023 | +7.47% | -2.63% | View data |
| 10 | 10 Portugal | 2,210 | 2023 | -1.77% | -2.52% | View data |
