Forecast: Crude Oil Energy Supply in France

The crude oil energy supply in France has experienced significant fluctuations over the past decade, with a notable peak in 2015 at 2.4873 million terajoules and a drastic decline in 2020 to 1.4431 million terajoules due to global market disruptions and reduced demand. In 2023, the supply stood at 1.9485 million terajoules. From 2022 to 2023, there was a modest year-on-year increase of 2.25%, though the compound annual growth rate (CAGR) over the past five years remained negative at -3.33%. The forecast indicates a continuous decline, with a forecasted average annual decrease (CAGR) of -3.75% over the coming five years, reaching approximately 1.5404 million terajoules by 2028.

Future trends to watch for include:

• Further exploration of renewable energy sources as France aims to reduce its dependence on fossil fuels.
• Potential policy changes related to carbon emissions and environmental regulations which could impact crude oil demand.
• Technological advancements in energy efficiency and alternative energy that might influence the overall energy supply landscape.