Australia
Asia Pacific
Production
245.6K bbl/d
Imports
1.5M bbl/d
Exports
4.7M bbl/d
Net Balance
3.2M bbl/d
Net exporter
Consumption by Product
2022 · thousand bpd
Petrol38.5%
Diesel34.6%
Kerosene1.5%
Jet Fuel10.8%
LPG4.6%
Fuel Oil3.8%
Other6.2%
Proven Oil Reserves
1.8B
barrels (proven)
~20 yrs
at current production
Comfortable
050 yrs100+ yrs
Proven reserves = crude oil in the ground. Many countries import most of their refined fuel (petrol, diesel, jet fuel), so high reserves don't guarantee fuel supply security.
Production Trend
Price History
Geopolitical Context
No sanctions or geopolitical data on file.
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