Australia Oil

Summary Table

  Barrels Global Rank
1,193,000,000 38th in the world

  Barrels per Day Global Rank
373,728 31st in the world
1,114,645 20th in the world
Daily Deficit
Oil Imports
Oil Exports
(Data shown is for 2016, the latest year with complete data in all categoreies)

Oil Reserves in Australia

See also: List of countries by Oil Reserves

Australia holds 1,193,000,000 barrels of proven oil reserves as of 2016, ranking 38th in the world and accounting for about 0.1% of the world's total oil reserves of 1,650,585,140,000 barrels.

Australia has proven reserves equivalent to 2.9 times its annual consumption. This means that, without imports, there would be about 3 years of oil left (at current consumption levels and excluding unproven reserves).

Oil Reserves
1,193,000,000 barrels
Global Rank: 38th | Share of World: 0.07 %
3 years of oil left
(at current consumption levels)

History of Oil Reserves in Australia

Oil Consumption in Australia

See also: List of countries by Oil Consumption

  • Australia consumes 1,114,645 barrels per day (B/d) of oil as of the year 2016.
  • Australia ranks 20th in the world for oil consumption, accounting for about 1.1% of the world's total consumption of 97,103,871 barrels per day.
  • Australia consumes 1.93 gallons of oil per capita every day (based on the 2016 population of 24,195,701 people), or 706 gallons per capita per year (17 barrels). [1 barrel = 42 US Gallons]

Oil Production in Australia

See also: List of countries by Oil Production

  • Australia produces 373,728.37 barrels per day of oil (as of 2016) ranking 31st in the world.
  • Australia produces every year an amount equivalent to 11.4% of its total proven reserves (as of 2016).

Oil Imports

  • Australia imports 8% of its oil consumption (86,930 barrels per day in 2016).

History of Oil Consumption and Production

See also