Iceland Oil
Consumption (2025)#142 World
21,107b/d+0.55% YoY
Oil Reserves in Iceland
- No proven oil reserves is reported for Iceland.
Oil Production in Iceland
- No oil or petroleum liquids production is reported for Iceland.
Oil Consumption in Iceland
- Iceland consumed 21,107 barrels per day of oil and petroleum products in 2025 (#142 in the world), an increase of 0.55% from 2024. This represents about 0.02% of the world's total oil consumption.
- Per capita, oil consumption in Iceland averaged 2.23 us gallons per day in 2025 (#27 in the world).
- The largest refined-product categories were Distillate Fuel Oil (50.1%), Jet Fuel (32.5%), and Motor Gasoline (12.6%).
oil Balance in Iceland
- In 2025, Iceland produced approximately 0 barrels per day of oil and consumed 21,107 barrels per day , a deficit of 21,107 barrels per day.
Iceland Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | — | — | 0 | — | — | — | 21,107 | +0.55% | 36 | — | 2.23 | — | — | — |
| 2024 | — | — | — | 0 | — | — | — | 20,992 | +3.7% | 142 | 0.02% | 2.24 | — | — | — |
| 2023 | — | — | — | 0 | — | — | — | 20,236 | +4.6% | 142 | 0.02% | 2.19 | — | — | — |
| 2022 | — | — | — | 0 | — | — | — | 19,345 | +23.5% | 143 | 0.02% | 2.14 | — | — | — |
| 2021 | — | — | — | 0 | — | — | — | 15,666 | +19.5% | 148 | 0.02% | 1.77 | — | — | — |
| 2020 | — | — | — | 0 | — | — | — | 13,115 | −33.5% | 152 | 0.01% | 1.5 | 0 | 0 | 0 |
| 2019 | — | — | — | 0 | — | — | — | 19,715 | −14.9% | 141 | 0.02% | 2.3 | 0 | 0 | 0 |
| 2018 | — | — | — | 0 | — | — | — | 23,170 | +9.4% | 134 | 0.02% | 2.76 | 0 | 0 | 0 |
| 2017 | 0 | — | — | 0 | — | — | — | 21,175 | +11% | 138 | 0.02% | 2.59 | 0 | 0 | 0 |
| 2016 | 0 | — | — | 0 | — | — | — | 19,074 | +10.2% | 143 | 0.02% | 2.39 | 0 | 0 | 0 |
| 2015 | 0 | — | — | 0 | — | — | — | 17,312 | +10.8% | 148 | 0.02% | 2.2 | 0 | 0 | 0 |
| 2014 | 0 | — | — | 0 | — | — | — | 15,625 | +4.7% | 149 | 0.02% | 2 | 0 | 0 | 0 |
| 2013 | 0 | — | — | 0 | — | — | — | 14,923 | +4.7% | 147 | 0.02% | 1.94 | 0 | 0 | 0 |
| 2012 | 0 | — | — | 0 | — | — | — | 14,251 | −1% | 150 | 0.02% | 1.87 | 0 | 0 | 0 |
| 2011 | 0 | — | — | 0 | — | — | — | 14,397 | −1.7% | 150 | 0.02% | 1.89 | 0 | 0 | 0 |
| 2010 | 0 | — | — | 0 | — | — | — | 14,649 | −32.4% | 144 | 0.02% | 1.93 | 0 | 0 | 0 |
| 2009 | 0 | — | — | 0 | — | — | — | 21,685 | −4.1% | 122 | 0.03% | 2.86 | 0 | 0 | 0 |
| 2008 | 0 | — | — | 0 | — | — | — | 22,623 | +8.9% | 121 | 0.03% | 2.99 | 0 | 0 | 0 |
| 2007 | 0 | — | — | 0 | — | — | — | 20,773 | +0.19% | 123 | 0.02% | 2.8 | 0 | 0 | 0 |
| 2006 | 0 | — | — | 0 | — | — | — | 20,734 | +7.8% | 122 | 0.02% | 2.87 | 0 | 0 | 0 |
| 2005 | 0 | — | — | 0 | — | — | — | 19,230 | +1.2% | 119 | 0.02% | 2.72 | 0 | 0 | 0 |
| 2004 | 0 | — | — | 0 | — | — | — | 19,003 | +4.4% | 119 | 0.02% | 2.73 | 0 | 0 | 0 |
| 2003 | 0 | — | — | 0 | — | — | — | 18,205 | +0.23% | 119 | 0.02% | 2.64 | 0 | 0 | 0 |
| 2002 | 0 | — | — | 0 | — | — | — | 18,164 | +2.4% | 121 | 0.02% | 2.65 | 0 | 0 | 0 |
| 2001 | 0 | — | — | 0 | — | — | — | 17,740 | −2.7% | 120 | 0.02% | 2.61 | 0 | 0 | 0 |
| 2000 | 0 | — | — | 0 | — | — | — | 18,232 | +2.4% | 119 | 0.02% | 2.72 | 0 | 0 | 0 |
| 1999 | 0 | — | — | 0 | — | — | — | 17,811 | +1.7% | 122 | 0.02% | 2.7 | 0 | 0 | 0 |
| 1998 | 0 | — | — | 0 | — | — | — | 17,507 | +4.3% | 120 | 0.02% | 2.68 | 0 | 0 | 0 |
| 1997 | 0 | — | — | 0 | — | — | — | 16,789 | +0.65% | 120 | 0.02% | 2.6 | 0 | 0 | 0 |
| 1996 | 0 | — | — | 0 | — | — | — | 16,680 | +9.4% | 119 | 0.02% | 2.6 | 0 | 0 | 0 |
| 1995 | 0 | — | — | 0 | — | — | — | 15,251 | −8.1% | 121 | 0.02% | 2.39 | 0 | 0 | 0 |
| 1994 | 0 | — | — | 0 | — | — | — | 16,601 | +12.6% | 118 | 0.02% | 2.62 | 0 | 0 | 0 |
| 1993 | 0 | — | — | 0 | — | — | — | 14,740 | +3.2% | 127 | 0.02% | 2.35 | 0 | 0 | 0 |
| 1992 | 0 | — | — | 0 | — | — | — | 14,281 | +6.9% | 126 | 0.02% | 2.3 | 0 | 0 | 0 |
| 1991 | 0 | — | — | 0 | — | — | — | 13,359 | −6% | 104 | 0.02% | 2.18 | 0 | 0 | 0 |
| 1990 | 0 | — | — | 0 | — | — | — | 14,216 | +7.5% | 103 | 0.02% | 2.34 | 0 | 0 | 0 |
| 1989 | 0 | — | — | 0 | — | — | — | 13,230 | +5.2% | 105 | 0.02% | 2.2 | 0 | 0 | 0 |
| 1988 | 0 | — | — | 0 | — | — | — | 12,579 | +6.6% | 104 | 0.02% | 2.12 | 0 | 0 | 0 |
| 1987 | 0 | — | — | 0 | — | — | — | 11,797 | +8.6% | 104 | 0.02% | 2.02 | 0 | 0 | 0 |
| 1986 | 0 | — | — | 0 | — | — | — | 10,860 | +1% | 104 | 0.02% | 1.88 | 0 | 0 | 0 |
| 1985 | 0 | — | — | 0 | — | — | — | 10,751 | +1.1% | 107 | 0.02% | 1.87 | 0 | 0 | 0 |
| 1984 | 0 | — | — | 0 | — | — | — | 10,631 | +6.3% | 106 | 0.02% | 1.86 | 0 | 0 | 0 |
| 1983 | 0 | — | — | 0 | — | — | — | 10,000 | +11.1% | 107 | 0.02% | 1.77 | 0 | 0 | 0 |
| 1982 | 0 | — | — | 0 | — | — | — | 9,000 | −10% | 110 | 0.02% | 1.62 | 0 | 0 | 0 |
| 1981 | 0 | — | — | 0 | — | — | — | 10,000 | −9.1% | 108 | 0.02% | 1.82 | 0 | 0 | 0 |
| 1980 | 0 | — | — | 0 | — | — | — | 11,000 | — | 107 | 0.02% | 2.03 | 0 | 0 | 0 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal