In 2023, the closing stock for gas oil and diesel oil (excluding biofuel portion) in the UK was at 2.20 million metric tons. From 2024 to 2028, the forecasted data indicates a steady annual growth, with stocks increasing incrementally by 0.02 million metric tons each year. This represents a consistent upward trajectory, suggesting year-on-year growth rates that average around 0.9%. Over this projected five-year period, the compound annual growth rate (CAGR) is estimated at approximately 0.9%, reflecting a stable increase in stock levels.
Future trends to watch for include potential shifts in energy policy, the impact of alternative energy sources like biofuels and renewables, and economic factors that could influence oil demand and stock levels. Additionally, technological advancements in energy storage and efficiency may further shape the trajectory of stock variations.
