The forecast for Italy's oil products opening stock indicates a steady decline from 2024 to 2028, starting at 10.39 million metric tons and reaching 9.51 million metric tons. Prior to this forecast, the stock in 2023 stood at a slightly higher level, reflecting a consistent downward trend over the next five years.
The year-on-year variation highlights a gradual shrinkage, implying a shrinking oil reserve over consecutive years. Looking at the compound annual growth rate (CAGR), there is an average annual decrease, pointing towards a long-term trend of diminishing oil stockpiles.
Future trends to watch include potential geopolitical events impacting oil availability, shifts in energy policies towards renewable sources, and technological advancements in energy efficiency. These factors could alter the forecasted decline in oil stocks.
