Australia Oil

Oil Reserves in Australia (2025)

See also: List of countries by Oil Reserves

Australia holds 1,803,000,000 barrels of proven oil reserves as of 2025, ranking #37 in the world and accounting for about 0.10% of the world's total oil reserves of 1,765,151,568,000.

Australia has proven reserves equivalent to 4.3 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 4 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Australia

Oil Consumption in Australia (2024)

See also: List of countries by Oil Consumption

• Australia consumes 1,145,393 barrels per day (B/d) of oil as of the year 2024.
• Australia ranks #20 in the world for oil consumption, accounting for about 1.12% of the world's total consumption of 102,559,503 barrels per day.
• Australia consumes 1.8 gallons of oil per capita every day (based on the 2024 population of 26,713,205 people), or 657 gallons per capita per year (16 barrels). [1 barrel = 42 US Gallons]

Oil Production in Australia (2024)

See also: List of countries by Oil Production

• Australia produces 398,133 barrels per day of oil (as of 2024) ranking #32 in the world.
• At 2024 production levels, Australia produces every year about 8.06% of its proven reserves ( 2025).

Oil Exports (2020)

• In 2020, Australia exported 3% of its oil production (15,161 barrels per day out of 475,173 produced).

History of Oil Consumption and Production