EnergyOilNatural GasCoalElectricity

Latvia Oil

Production (2025)#103 World
1,595b/d+0% YoY
Consumption (2025)#124 World
33,145b/d+3% YoY
Daily Deficit (2025)
−31,550b/d

Production covers 4.8% of consumption.

Consumption
Production
Deficit

Oil Reserves in Latvia

Oil Production in Latvia

  • Latvia produced 1,595 barrels per day of oil and petroleum liquids in 2025 (#103 in the world), unchanged from 1,595 barrels per day in 2024.
  • Of that, 0 barrels per day was crude oil in 2025.
  • And 0 barrels per day was natural gas plant liquids (NGPL) in 2025.

Oil Consumption in Latvia

  • Latvia consumed 33,145 barrels per day of oil and petroleum products in 2025 (#124 in the world), an increase of 3% from 2024. This represents about 0.03% of the world's total oil consumption.
  • Per capita, oil consumption in Latvia averaged 0.75 us gallons per day in 2025 (#89 in the world).
  • The largest refined-product categories were Distillate Fuel Oil (68.1%), Motor Gasoline (12%), and Other Refined Products (7.8%).

oil Balance in Latvia

  • In 2025, Latvia produced approximately 1,595 barrels per day of oil and consumed 33,145 barrels per day , a deficit of 31,550 barrels per day.

Latvia Oil History (1973-2025)

ReservesProductionConsumptionCrude Oil Trade (Historical)
2025———1,595+0%103< 0.01%33,145+3%34—0.75———
2024———1,595+0%103< 0.01%32,189−7.4%1250.03%0.72———
2023———1,595+0%102< 0.01%34,753+0.06%1220.03%0.78———
2022———1,595+0%102< 0.01%34,732−5.9%1190.03%0.78———
2021———1,595+0%102< 0.01%36,912+4.3%1150.04%0.82———
2020———1,595+0%103< 0.01%35,391−11.2%1140.04%0.78000
2019———1,595+0%101< 0.01%39,833+12.8%1130.04%0.87000
2018———1,595+0%101< 0.01%35,315−7.8%1160.04%0.77000
20170——1,595+73%101< 0.01%38,293+1.6%1130.04%0.83000
20160——922−26.2%107< 0.01%37,686+2.6%1150.04%0.81000
20150——1,249−21%104< 0.01%36,726+5.3%1100.04%0.78000
20140——1,581+10.6%105< 0.01%34,888+0.59%1110.04%0.73000
20130——1,429−24.8%104< 0.01%34,682+1.5%1110.04%0.72000
20120——1,900+54.6%104< 0.01%34,180−0.15%1110.04%0.71000
20110——1,229+3.6%105< 0.01%34,230−8.6%1100.04%0.7000
20100——1,186−1.2%105< 0.01%37,444+3.6%1070.04%0.75000
20090——1,200+33.3%105< 0.01%36,148−5.2%1060.04%0.71000
20080——900+80%109< 0.01%38,148−4.2%1040.04%0.74000
20070——500+66.7%110< 0.01%39,819+6.4%1030.05%0.76000
20060——300+0%110< 0.01%37,425+4.1%1020.04%0.71000
20050——300+50%108< 0.01%35,937+5.1%1030.04%0.67000
20040——200—107< 0.01%34,205+3.3%1040.04%0.63000
20030——0———33,099+2.8%1050.04%0.61000
20020——0———32,197+1.3%1020.04%0.59000
20010——0———31,786+12.3%1020.04%0.57000
20000——0———28,314−14.1%1050.04%0.5000
19990——0———32,943−5.8%950.04%0.58000
19980——0———34,959−3.5%940.05%0.61000
19970——0———36,240−11.6%920.05%0.63000
1996———0———41,002+4.1%880.06%0.7000
1995———0———39,378−21.2%880.06%0.67000
1994———0———49,965−3.9%810.07%0.83000
1993———0———52,007−3.6%800.08%0.85000
1992———0———53,970—790.08%0.87000

See also

Sources