Oil and petroleum consumption at record high in 2020 – Products Eurostat News

In 2020, final consumption of petroleum and petroleum products for energy purposes in the EU fell to 310 Mtoe (-10%) in just one year, reaching the lowest level ever recorded in the 31-year time series . This shows the effects of the COVID restrictions, which started in the first months of 2020 in most EU member states.

From a peak of 408 Mtoe in 2004, consumption hit a low point in 2014 at 333 Mtoe and had started to increase again before the shock of the pandemic restrictions.

In 2020, pandemic-related restrictions affected consumption in Member States to varying degrees. If we consider energy and non-energy consumption, the largest decreases in consumption were recorded in Luxembourg (-21% compared to 2019), followed by Malta (-16%) and Greece, Spain, Sweden and Slovenia (all -15%). Small increases in consumption were recorded only in Finland and Slovakia (+0.4% approximately).

In 2020, other record figures appeared on petroleum and petroleum products. These include the highest dependence on imports (97%), the lowest level of crude oil production (18.7 million tonnes) and the largest decline in the production of petroleum products (-12 % compared to 2019).

The relative share of countries in total EU final consumption is affected by the size and structure of their economies, with Germany remaining in the lead (23%), followed by France (16%), Italy and Spain (10% each).

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