In 2023, the opening stock for gas oil and diesel oil in France, excluding the biofuel portion, stood at 9.59 million metric tons. From 2024 to 2028, a steady annual increase is forecasted, with a year-on-year growth of approximately 0.42% per annum. Over this five-year period, the compound annual growth rate (CAGR) is anticipated to be around 0.42% as well, reflecting a consistent, albeit modest, upward trend in stock levels.
Future trends to watch for:
- Potential impacts of European Union emission regulations on stock levels and production practices.
- Advancements in alternative fuels that might affect future demand for traditional gas oil and diesel oil.
- Geopolitical factors that could influence supply chain dynamics and stockpile strategies in the coming years.