Based on the forecasted data for kerosene-type jet fuel opening stock (excluding biofuel portion) in Norway, there is a very stable trend from 2024 to 2028 with values consistently around 84.22 to 84.23 thousand metric tons. In 2023, the actual opening stock value was also 84.22 thousand metric tons. The year-on-year variation from 2024 to 2028 is negligible, typically less than 0.01%, indicating very minimal fluctuation in stock levels. Over the last two years, the opening stock has shown no significant change and the compound annual growth rate (CAGR) over the last five years is essentially 0%, highlighting a flat trend.
Future trends to watch for include potential shifts in demand for jet fuel due to changes in aviation activity, advancements in biofuel adoption which may impact traditional kerosene stock levels, and broader energy transition policies that could influence jet fuel storage needs in Norway.
