Forecast: Crude Oil Production in Germany

Currently, in 2024, Germany's crude oil production forecast begins at 1.68 million tonnes of oil equivalent, showing a gradual decline each subsequent year: 1.63 in 2025, 1.57 in 2026, 1.52 in 2027, and 1.47 in 2028. Compared to recent figures from 2023, there is a noticeable downward trend in production. The year-on-year percentage change highlights this decline, emphasizing the need to address potential causes. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a steady reduction in production levels.

Future trends to watch for include:

  • Shifts in energy policies at the national and EU levels that may impact production strategies.
  • Technological advancements that could enhance extraction efficiency or alternative energy sources development, affecting demand.
  • Geopolitical influences affecting global energy markets and Germany's import-export balance.

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