Panama Oil
Consumption (2024)#68 World
135,002b/d−0.05% YoY
Oil Reserves in Panama
- No proven oil reserves is reported for Panama.
Oil Production in Panama
- Panama last reported oil and petroleum liquids production in 2016.
Oil Consumption in Panama
- Panama consumed 135,002 barrels per day of oil and petroleum products in 2024 (#68 in the world), a decrease of 0.05% from 2023. This represents 0.13% of the world's total oil consumption.
- Per capita, oil consumption in Panama averaged 1.26 us gallons per day in 2024 (#51 in the world).
- The largest refined-product categories were Residual Fuel Oil (41.3%), Distillate Fuel Oil (23.7%), and Motor Gasoline (17%).
(Historical) Oil Imports & Exports in Panama
EIA has stopped publishing oil trade data. Imports and exports data shown here are historical and may not reflect current trends.
Imports and exports data cover crude oil and lease condensate only, and do not include other petroleum liquids such as natural gas plant liquids (NGPL) or refined products.
oil Balance in Panama
- In 2024, Panama produced approximately 0 barrels per day of oil and consumed 135,002 barrels per day , a deficit of 135,002 barrels per day.
Panama Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | — | — | — | 0 | — | — | — | 135,002 | −0.05% | 68 | 0.13% | 1.26 | — | — | — |
| 2023 | — | — | — | 0 | — | — | — | 135,076 | +1.5% | 68 | 0.13% | 1.27 | — | — | — |
| 2022 | — | — | — | 0 | — | — | — | 133,065 | +13.5% | 67 | 0.13% | 1.27 | — | — | — |
| 2021 | — | — | — | 0 | — | — | — | 117,243 | +11.4% | 71 | 0.12% | 1.13 | — | — | — |
| 2020 | — | — | — | 0 | — | — | — | 105,240 | −37.8% | 75 | 0.12% | 1.03 | — | — | — |
| 2019 | — | — | — | 0 | — | — | — | 169,273 | +11.3% | 63 | 0.17% | 1.68 | — | — | — |
| 2018 | — | — | — | 0 | — | — | — | 152,044 | −8.7% | 67 | 0.15% | 1.53 | 0 | 0 | 0 |
| 2017 | 0 | — | — | 0 | −100% | — | — | 166,587 | +7.4% | 64 | 0.17% | 1.71 | 0 | 0 | 0 |
| 2016 | 0 | — | — | 446 | +70.2% | 113 | < 0.01% | 155,043 | +5.5% | 64 | 0.16% | 1.62 | 0 | 0 | 0 |
| 2015 | 0 | — | — | 262 | −61.8% | 116 | < 0.01% | 147,021 | +5.5% | 67 | 0.15% | 1.56 | 0 | 0 | 0 |
| 2014 | 0 | — | — | 685 | +124.6% | 112 | < 0.01% | 139,406 | +3.3% | 71 | 0.15% | 1.5 | 0 | 0 | 0 |
| 2013 | 0 | — | — | 305 | — | 114 | < 0.01% | 135,004 | −0.42% | 71 | 0.15% | 1.48 | 0 | 0 | 0 |
| 2012 | 0 | — | — | 0 | — | — | — | 135,570 | +8.6% | 69 | 0.15% | 1.51 | 0 | 0 | 0 |
| 2011 | 0 | — | — | 0 | — | — | — | 124,865 | −0.37% | 71 | 0.14% | 1.42 | 0 | 0 | 0 |
| 2010 | 0 | — | — | 0 | — | — | — | 125,327 | +15.2% | 68 | 0.14% | 1.45 | 0 | 0 | 0 |
| 2009 | 0 | — | — | 0 | — | — | — | 108,756 | −2.3% | 73 | 0.13% | 1.28 | 0 | 0 | 0 |
| 2008 | 0 | — | — | 0 | — | — | — | 111,328 | +16.9% | 72 | 0.13% | 1.34 | 0 | 0 | 0 |
| 2007 | 0 | — | — | 0 | — | — | — | 95,271 | −6.1% | 76 | 0.11% | 1.16 | 0 | 0 | 0 |
| 2006 | 0 | — | — | 0 | — | — | — | 101,455 | +11% | 75 | 0.12% | 1.26 | 0 | 0 | 0 |
| 2005 | 0 | — | — | 0 | — | — | — | 91,409 | +0.67% | 78 | 0.11% | 1.16 | 0 | 0 | 0 |
| 2004 | 0 | — | — | 0 | — | — | — | 90,797 | −2.8% | 76 | 0.11% | 1.17 | 0 | 0 | 0 |
| 2003 | 0 | — | — | 0 | — | — | — | 93,412 | +4.4% | 76 | 0.12% | 1.23 | 0 | 0 | 0 |
| 2002 | 0 | — | — | — | — | — | — | 89,446 | −5% | 76 | 0.11% | 1.2 | 18,622 | 0 | 18,622 |
| 2001 | 0 | — | — | — | — | — | — | 94,190 | +7.3% | 72 | 0.12% | 1.29 | 44,762 | 0 | 44,762 |
| 2000 | 0 | — | — | — | — | — | — | 87,786 | +66.6% | 74 | 0.11% | 1.22 | 44,378 | 0 | 44,378 |
| 1999 | 0 | — | — | — | — | — | — | 52,700 | −38.1% | 85 | 0.07% | 0.75 | 49,307 | 0 | 49,307 |
| 1998 | 0 | — | — | — | — | — | — | 85,100 | +11.2% | 73 | 0.12% | 1.24 | 45,548 | 0 | 45,548 |
| 1997 | 0 | — | — | — | — | — | — | 76,500 | +5.2% | 75 | 0.10% | 1.13 | 40,619 | 0 | 40,619 |
| 1996 | 0 | — | — | — | — | — | — | 72,700 | −14.7% | 74 | 0.10% | 1.1 | 40,236 | 0 | 40,236 |
| 1995 | 0 | — | — | — | — | — | — | 85,200 | +5.3% | 70 | 0.12% | 1.31 | 25,296 | 0 | 25,296 |
| 1994 | 0 | — | — | — | — | — | — | 80,900 | +14.1% | 70 | 0.12% | 1.27 | 23,397 | 0 | 23,397 |
| 1993 | 0 | — | — | — | — | — | — | 70,900 | −1.8% | 73 | 0.11% | 1.14 | 33,868 | 0 | 33,868 |
| 1992 | 0 | — | — | −1,200 | +100% | 123 | < 0.01% | 72,200 | +3.1% | 72 | 0.11% | 1.18 | 36,016 | 0 | 36,016 |
| 1991 | 0 | — | — | −600 | +500% | 107 | < 0.01% | 70,000 | −0.43% | 63 | 0.10% | 1.17 | 22,323 | 0 | 22,323 |
| 1990 | 0 | — | — | −100 | +0% | 96 | < 0.01% | 70,300 | +6.5% | 62 | 0.11% | 1.2 | 22,381 | 0 | 22,381 |
| 1989 | 0 | — | — | −100 | −50% | 96 | < 0.01% | 66,000 | −2.5% | 61 | 0.10% | 1.15 | 19,236 | 0 | 19,236 |
| 1988 | 0 | — | — | −200 | −60% | 100 | < 0.01% | 67,700 | −3% | 60 | 0.10% | 1.21 | 19,178 | 0 | 19,178 |
| 1987 | 0 | — | — | −500 | +25% | 105 | < 0.01% | 69,800 | +5% | 60 | 0.11% | 1.27 | 27,214 | 0 | 27,214 |
| 1986 | 0 | — | — | −400 | — | 99 | < 0.01% | 66,500 | +2.3% | 61 | 0.11% | 1.24 | 19,504 | 0 | 19,504 |
| 1985 | 0 | — | — | 0 | −100% | — | — | 65,000 | −13.3% | 61 | 0.11% | 1.24 | 25,123 | 0 | 25,123 |
| 1984 | 0 | — | — | 1,000 | +0% | 76 | < 0.01% | 75,000 | −1.3% | 60 | 0.13% | 1.46 | 29,784 | 0 | 29,784 |
| 1983 | 0 | — | — | 1,000 | +0% | 75 | < 0.01% | 76,000 | +2.7% | 60 | 0.13% | 1.52 | 33,293 | 0 | 33,293 |
| 1982 | 0 | — | — | 1,000 | +0% | 74 | < 0.01% | 74,000 | −3.9% | 60 | 0.12% | 1.51 | 33,255 | 0 | 33,255 |
| 1981 | 0 | — | — | 1,000 | +0% | 72 | < 0.01% | 77,000 | −1.3% | 60 | 0.13% | 1.61 | 30,244 | 0 | 30,244 |
| 1980 | 0 | — | — | 1,000 | — | 71 | < 0.01% | 78,000 | — | 59 | 0.12% | 1.67 | 39,181 | 0 | 39,181 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal