Norway
Europe
Production
1.9M bbl/d
Imports
310.8K bbl/d
Exports
4.5M bbl/d
Net Balance
4.2M bbl/d
Net exporter
Consumption by Product
2022 · thousand bpd
Petrol19.2%
Diesel38.5%
Kerosene1.9%
Jet Fuel17.3%
LPG3.8%
Fuel Oil9.6%
Other9.6%
Proven Oil Reserves
6.9B
barrels (proven)
~10 yrs
at current production
Moderate
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
Refinery Capacity
Capacity
300 bbl/d
Throughput
250 bbl/d
Utilization
83.3%
Geopolitical Context
No sanctions or geopolitical data on file.
Oil News Feed
No news available yet.