Faroe Islands Oil
Consumption (2024)#177 World
5,288b/d+0% YoY
Oil Reserves in the Faroe Islands
- No proven oil reserves is reported for the Faroe Islands.
Oil Production in the Faroe Islands
- No oil or petroleum liquids production is reported for the Faroe Islands.
Oil Consumption in the Faroe Islands
- the Faroe Islands consumed 5,288 barrels per day of oil and petroleum products in 2024 (#177 in the world), unchanged from 2023. This represents 0.0051% of the world's total oil consumption.
- Per capita, oil consumption in the Faroe Islands averaged 4.01 us gallons per day in 2024 (#7 in the world).
- The largest refined-product categories were Distillate Fuel Oil (69.6%), Residual Fuel Oil (25.5%), and Motor Gasoline (4.9%).
oil Balance in the Faroe Islands
- In 2024, the Faroe Islands produced approximately 0 barrels per day of oil and consumed 5,288 barrels per day , a deficit of 5,288 barrels per day.
Faroe Islands Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | — | — | — | 0 | — | — | — | 5,288 | +0% | 177 | 0.01% | 4.01 | — | — | — |
| 2023 | — | — | — | 0 | — | — | — | 5,288 | +2.6% | 176 | 0.01% | 4.06 | — | — | — |
| 2022 | — | — | — | 0 | — | — | — | 5,153.1 | −8.1% | 174 | 0.01% | 4.01 | — | — | — |
| 2021 | — | — | — | 0 | — | — | — | 5,607.8 | +3.5% | 171 | 0.01% | 4.42 | — | — | — |
| 2020 | — | — | — | 0 | — | — | — | 5,420.1 | +6.2% | 172 | 0.01% | 4.33 | — | — | — |
| 2019 | — | — | — | 0 | — | — | — | 5,103.8 | −6.6% | 177 | 0.01% | 4.13 | — | — | — |
| 2018 | — | — | — | 0 | — | — | — | 5,465.5 | +3.2% | 172 | 0.01% | 4.5 | 0 | 0 | 0 |
| 2017 | 0 | — | — | 0 | — | — | — | 5,295.3 | +13% | 174 | 0.01% | 4.43 | 0 | 0 | 0 |
| 2016 | 0 | — | — | 0 | — | — | — | 4,684.5 | +2.8% | 178 | < 0.01% | 3.97 | 0 | 0 | 0 |
| 2015 | 0 | — | — | 0 | — | — | — | 4,554.9 | +5.2% | 176 | < 0.01% | 3.91 | 0 | 0 | 0 |
| 2014 | 0 | — | — | 0 | — | — | — | 4,330.9 | −11.1% | 178 | < 0.01% | 3.75 | 0 | 0 | 0 |
| 2013 | 0 | — | — | 0 | — | — | — | 4,870.4 | +10.4% | 175 | 0.01% | 4.24 | 0 | 0 | 0 |
| 2012 | 0 | — | — | 0 | — | — | — | 4,410.6 | +1.9% | 176 | < 0.01% | 3.85 | 0 | 0 | 0 |
| 2011 | 0 | — | — | 0 | — | — | — | 4,327.2 | −7.2% | 179 | < 0.01% | 3.79 | 0 | 0 | 0 |
| 2010 | 0 | — | — | 0 | — | — | — | 4,662.2 | +6.8% | 178 | 0.01% | 4.07 | 0 | 0 | 0 |
| 2009 | 0 | — | — | 0 | — | — | — | 4,366.9 | −7.7% | 178 | 0.01% | 3.78 | 0 | 0 | 0 |
| 2008 | 0 | — | — | 0 | — | — | — | 4,732.6 | −7.8% | 174 | 0.01% | 4.1 | 0 | 0 | 0 |
| 2007 | 0 | — | — | 0 | — | — | — | 5,130.3 | +4.1% | 170 | 0.01% | 4.45 | 0 | 0 | 0 |
| 2006 | 0 | — | — | 0 | — | — | — | 4,925.9 | −2.1% | 170 | 0.01% | 4.27 | 0 | 0 | 0 |
| 2005 | 0 | — | — | 0 | — | — | — | 5,030.1 | −2.5% | 166 | 0.01% | 4.37 | 0 | 0 | 0 |
| 2004 | 0 | — | — | 0 | — | — | — | 5,158.1 | +1.7% | 167 | 0.01% | 4.51 | 0 | 0 | 0 |
| 2003 | 0 | — | — | 0 | — | — | — | 5,072.8 | +0.22% | 164 | 0.01% | 4.49 | 0 | 0 | 0 |
| 2002 | 0 | — | — | 0 | — | — | — | 5,061.6 | −4% | 163 | 0.01% | 4.54 | 0 | 0 | 0 |
| 2001 | 0 | — | — | 0 | — | — | — | 5,271 | +11% | 162 | 0.01% | 4.79 | 0 | 0 | 0 |
| 2000 | 0 | — | — | 0 | — | — | — | 4,747.1 | +9.3% | 163 | 0.01% | 4.37 | 0 | 0 | 0 |
| 1999 | 0 | — | — | 0 | — | — | — | 4,343.5 | +0.000047% | 164 | 0.01% | 4.03 | 0 | 0 | 0 |
| 1998 | 0 | — | — | 0 | — | — | — | 4,343.5 | +0.0028% | 165 | 0.01% | 4.06 | 0 | 0 | 0 |
| 1997 | 0 | — | — | 0 | — | — | — | 4,343.3 | +0% | 164 | 0.01% | 4.1 | 0 | 0 | 0 |
| 1996 | 0 | — | — | 0 | — | — | — | 4,343.3 | +0.28% | 163 | 0.01% | 4.13 | 0 | 0 | 0 |
| 1995 | 0 | — | — | 0 | — | — | — | 4,331.3 | +7.7% | 164 | 0.01% | 4.15 | 0 | 0 | 0 |
| 1994 | 0 | — | — | 0 | — | — | — | 4,021.7 | +2.5% | 163 | 0.01% | 3.82 | 0 | 0 | 0 |
| 1993 | 0 | — | — | 0 | — | — | — | 3,921.7 | −1% | 163 | 0.01% | 3.65 | 0 | 0 | 0 |
| 1992 | 0 | — | — | 0 | — | — | — | 3,962.5 | −0.44% | 161 | 0.01% | 3.62 | 0 | 0 | 0 |
| 1991 | 0 | — | — | 0 | — | — | — | 3,979.9 | −8.8% | 142 | 0.01% | 3.57 | 0 | 0 | 0 |
| 1990 | 0 | — | — | 0 | — | — | — | 4,365.2 | +10.1% | 136 | 0.01% | 3.86 | 0 | 0 | 0 |
| 1989 | 0 | — | — | 0 | — | — | — | 3,965.2 | +9.6% | 138 | 0.01% | 3.51 | 0 | 0 | 0 |
| 1988 | 0 | — | — | 0 | — | — | — | 3,618.2 | +3.4% | 140 | 0.01% | 3.24 | 0 | 0 | 0 |
| 1987 | 0 | — | — | 0 | — | — | — | 3,500 | +5.1% | 138 | 0.01% | 3.16 | 0 | 0 | 0 |
| 1986 | 0 | — | — | 0 | — | — | — | 3,331.6 | −4.8% | 138 | 0.01% | 3.04 | 0 | 0 | 0 |
| 1985 | 0 | — | — | 0 | — | — | — | 3,500 | — | 137 | 0.01% | 3.23 | 0 | 0 | 0 |
| 1984 | 0 | — | — | 0 | — | — | — | 0 | — | — | — | 0 | 0 | 0 | 0 |
| 1983 | 0 | — | — | 0 | — | — | — | 0 | — | — | — | 0 | 0 | 0 | 0 |
| 1982 | 0 | — | — | 0 | — | — | — | 0 | — | — | — | 0 | 0 | 0 | 0 |
| 1981 | 0 | — | — | 0 | — | — | — | 0 | — | — | — | 0 | 0 | 0 | 0 |
| 1980 | 0 | — | — | 0 | — | — | — | 0 | — | — | — | 0 | 0 | 0 | 0 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal