The lubricants refinery output in Italy saw a steady but slight decline from 2024 to 2028. Starting at 1.14 Mtoe in 2024, it decreased gradually to 1.12 Mtoe by 2028. The forecasted data exhibits a pattern of minimal annual negative growth. Comparing 2024 to the current year provides a baseline for understanding this downward trend. Overall, there is minimal change year-on-year over this period, implying a stable yet declining industry.
Future trends to watch for include:
- Technological advancements in refining processes that could improve efficiency and output.
- Demand shifts due to the transition towards electric vehicles and renewable energy.
- Policy and regulatory changes impacting the oil sector.
