The 2023 data on European Fuel Oil (High Sulphur ≥1%) closing stocks indicates Belgium as the leading stockholder, with a slight increase of 1.92%. Italy and the Netherlands have experienced marginal declines in stock level. Lithuania and Norway showed significant year-on-year growth, while countries like Austria, Poland, and the UK observed notable decreases. Denmark saw an extraordinary rise of 42.89% for the same period. Over the last five years, trends have generally been mixed, with varied CAGR across countries.
Looking forward, Europe’s energy transition and environmental policies aimed at reducing high-sulphur fuels could significantly impact stock levels. Monitoring geopolitical tensions and OPEC+ decisions will be crucial as they influence supply chain and pricing dynamics.
Top countries in Fuel Oil (High Sulphur ≥1%) Closing Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 678.7 | 2023 | +9.13% | +1.92% | View data |
| 2 | 2 Italy | 655.97 | 2023 | -2.63% | -1.32% | View data |
| 3 | 3 Netherlands | 642.71 | 2023 | -3.36% | -0.13% | View data |
| 4 | 4 Spain | 438 | 2023 | -4.48% | +0.092% | View data |
| 5 | 5 Greece | 331.39 | 2023 | +0.39% | -4.09% | View data |
| 6 | 6 France | 313 | 2023 | -4.86% | -3.34% | View data |
| 7 | 7 Croatia | 142.8 | 2023 | +0.42% | -0.78% | View data |
| 8 | 8 Lithuania | 111 | 2023 | -0.46% | +7.11% | View data |
| 9 | 9 Sweden | 100.26 | 2023 | +10.19% | +2.64% | View data |
| 10 | 10 Bulgaria | 95.37 | 2023 | +0.71% | +4.36% | View data |
