Philippines Oil
Production (2025)#83 World
14,334b/d−0.08% YoY
Consumption (2024)#35 World
473,464b/d+2.5% YoY
Daily Deficit (2024)
−459,119b/d
Production covers 3% of consumption.
Consumption
Production
Deficit
Oil Reserves in the Philippines
- the Philippines has proven oil reserves of 138,500,000 barrels (as reported in 2025) (#66 in the world), representing 0.0078% of the world's total.
- As of 2025 production rates, the Philippines has roughly > 500 years of proven oil reserves left (crude and condensate reserves ÷ their annual production).
Oil Production in the Philippines
- the Philippines produced 14,334 barrels per day of oil and petroleum liquids in 2025 (#83 in the world), a decrease of 0.08% from 14,345 barrels per day in 2024.
- Of that, 503 barrels per day was crude oil in 2025.
- And 0 barrels per day was natural gas plant liquids (NGPL) in 2025.
Philippines has years with negative refinery gain. Refinery gain (or processing gain) is the volume difference between the refined products output and crude input.
Oil Consumption in the Philippines
- the Philippines consumed 473,464 barrels per day of oil and petroleum products in 2024 (#35 in the world), an increase of 2.5% from 2023. This represents 0.46% of the world's total oil consumption.
- Per capita, oil consumption in the Philippines averaged 0.17 us gallons per day in 2024 (#156 in the world).
- The largest refined-product categories were Distillate Fuel Oil (40.4%), Motor Gasoline (27.1%), and Liquefied Petroleum Gases (12.8%).
(Historical) Oil Imports & Exports in the Philippines
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 the Philippines
- In 2024, the Philippines produced approximately 14,345 barrels per day of oil and consumed 473,464 barrels per day , a deficit of 459,119 barrels per day.
Philippines Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 138,500,000 | 66 | 0.01% | 14,334 | −0.08% | 83 | 0.01% | — | — | — | — | — | — | — | — |
| 2024 | 138,500,000 | 66 | 0.01% | 14,345 | −0.25% | 83 | 0.01% | 473,464 | +2.5% | 35 | 0.46% | 0.17 | — | — | — |
| 2023 | 138,500,000 | 66 | 0.01% | 14,380 | +0.67% | 84 | 0.01% | 461,813 | +6.9% | 35 | 0.46% | 0.17 | — | — | — |
| 2022 | 138,500,000 | 66 | 0.01% | 14,285 | −1.3% | 85 | 0.01% | 431,844 | +5.7% | 37 | 0.43% | 0.16 | — | — | — |
| 2021 | 138,500,000 | 65 | 0.01% | 14,467 | +2.8% | 85 | 0.02% | 408,637 | +10.5% | 37 | 0.42% | 0.15 | — | — | — |
| 2020 | — | — | — | 14,073 | −1.8% | 86 | 0.01% | 369,891 | −17.1% | 37 | 0.40% | 0.14 | — | — | — |
| 2019 | 138,500,000 | 64 | 0.01% | 14,325 | −8% | 88 | 0.01% | 446,128 | +0.5% | 36 | 0.44% | 0.17 | — | — | — |
| 2018 | 138,500,000 | 64 | 0.01% | 15,578 | −5.4% | 83 | 0.02% | 443,928 | +0.11% | 37 | 0.44% | 0.17 | 232,460 | 12,414 | 220,046 |
| 2017 | 138,500,000 | 65 | 0.01% | 16,465 | −48.5% | 83 | 0.02% | 443,460 | +9% | 35 | 0.45% | 0.17 | 208,860 | 13,013 | 195,847 |
| 2016 | 138,500,000 | 64 | 0.01% | 31,947 | −8% | 68 | 0.03% | 407,000 | +7.7% | 39 | 0.42% | 0.16 | 212,817 | 14,570 | 198,247 |
| 2015 | 138,500,000 | 66 | 0.01% | 34,732 | −22.4% | 67 | 0.04% | 378,000 | +8.5% | 39 | 0.39% | 0.15 | 213,447 | 15,588 | 197,859 |
| 2014 | 138,500,000 | 66 | 0.01% | 44,737 | +9.8% | 67 | 0.05% | 348,273 | +6.6% | 38 | 0.37% | 0.14 | 177,708 | 17,668 | 160,040 |
| 2013 | 138,500,000 | 66 | 0.01% | 40,729 | +16.3% | 67 | 0.04% | 326,642 | +4.3% | 41 | 0.35% | 0.13 | 153,942 | 13,872 | 140,070 |
| 2012 | 138,500,000 | 65 | 0.01% | 35,021 | −8.8% | 69 | 0.04% | 313,088 | +4.2% | 40 | 0.34% | 0.13 | 177,627 | 15,124 | 162,503 |
| 2011 | 138,500,000 | 63 | 0.01% | 38,417 | +3.2% | 67 | 0.04% | 300,560 | −4.8% | 42 | 0.34% | 0.13 | 190,287 | 18,758 | 171,529 |
| 2010 | 138,500,000 | 60 | 0.01% | 37,221 | −5.1% | 66 | 0.04% | 315,608 | +7.9% | 41 | 0.36% | 0.14 | 183,786 | 18,799 | 164,987 |
| 2009 | 138,500,000 | 60 | 0.01% | 39,231 | +44.5% | 66 | 0.05% | 292,552 | −5.9% | 44 | 0.34% | 0.13 | 137,163 | 20,192 | 116,971 |
| 2008 | 138,500,000 | 60 | 0.01% | 27,155 | +44.7% | 70 | 0.03% | 310,941 | +1.6% | 41 | 0.36% | 0.14 | 189,217 | 16,739 | 172,478 |
| 2007 | 138,500,000 | 61 | 0.01% | 18,767 | +8.6% | 75 | 0.02% | 306,074 | +2.3% | 42 | 0.35% | 0.14 | 204,906 | 15,891 | 189,015 |
| 2006 | 138,500,000 | 63 | 0.01% | 17,287 | −2.7% | 78 | 0.02% | 299,217 | −4.4% | 42 | 0.35% | 0.14 | 216,173 | 14,154 | 202,019 |
| 2005 | 152,000,000 | 60 | 0.01% | 17,771 | +33.5% | 74 | 0.02% | 312,873 | −6.4% | 40 | 0.37% | 0.15 | 215,083 | 15,406 | 199,677 |
| 2004 | 152,000,000 | 60 | 0.01% | 13,307 | −13.1% | 78 | 0.02% | 334,343 | +0.82% | 35 | 0.40% | 0.16 | 201,817 | 12,176 | 189,641 |
| 2003 | 152,000,000 | 62 | 0.01% | 15,315 | +7% | 74 | 0.02% | 331,621 | −0.8% | 35 | 0.41% | 0.16 | 252,216 | 13,428 | 238,788 |
| 2002 | 178,060,000 | 58 | 0.02% | 14,308 | +32.3% | 74 | 0.02% | 334,280 | −3.9% | 37 | 0.43% | 0.17 | 259,283 | 9,187 | 250,096 |
| 2001 | 289,000,000 | 53 | 0.03% | 10,815 | +1051.8% | 75 | 0.01% | 347,779 | −1.8% | 36 | 0.45% | 0.18 | 307,864 | 848 | 307,016 |
| 2000 | 289,000,000 | 52 | 0.03% | 939 | +24.9% | 96 | < 0.01% | 354,124 | −4.3% | 36 | 0.46% | 0.19 | 313,881 | 488 | 313,393 |
| 1999 | 228,000,000 | 54 | 0.02% | 752 | −6% | 94 | < 0.01% | 370,000 | −3.1% | 35 | 0.49% | 0.2 | 324,805 | 129 | 324,676 |
| 1998 | 200,000,000 | 60 | 0.02% | 800 | +0% | 96 | < 0.01% | 382,000 | +4.9% | 34 | 0.52% | 0.21 | 322,059 | 257 | 321,802 |
| 1997 | 200,000,000 | 59 | 0.02% | 800 | −20% | 95 | < 0.01% | 364,200 | +5.3% | 35 | 0.50% | 0.21 | 356,163 | 136 | 356,027 |
| 1996 | 200,000,000 | 52 | 0.02% | 1,000 | −63% | 94 | < 0.01% | 346,000 | +5.8% | 35 | 0.48% | 0.2 | 353,619 | 14 | 353,605 |
| 1995 | 200,000,000 | 52 | 0.02% | 2,700 | −46% | 82 | < 0.01% | 327,000 | +7.9% | 34 | 0.47% | 0.19 | 328,944 | 1,898 | 327,046 |
| 1994 | 300,000,000 | 44 | 0.03% | 5,000 | −42.5% | 78 | 0.01% | 303,000 | +6.3% | 36 | 0.44% | 0.18 | 244,260 | 3,635 | 240,625 |
| 1993 | 100,000,000 | 59 | 0.01% | 8,700 | +9.2% | 70 | 0.01% | 285,000 | +9.7% | 38 | 0.43% | 0.18 | 231,216 | 5,694 | 225,522 |
| 1992 | 38,000,000 | 62 | < 0.01% | 7,964.5 | +146.4% | 71 | 0.01% | 259,700 | +10.5% | 41 | 0.39% | 0.17 | 245,875 | 6,502 | 239,373 |
| 1991 | 38,688,000 | 60 | < 0.01% | 3,232.9 | −35.3% | 65 | < 0.01% | 235,000 | +0.04% | 38 | 0.35% | 0.15 | 211,731 | 0 | 211,731 |
| 1990 | 15,000,000 | 60 | < 0.01% | 5,000 | +0% | 62 | 0.01% | 234,900 | +1.9% | 37 | 0.35% | 0.16 | 221,241 | 0 | 221,241 |
| 1989 | 15,800,000 | 60 | < 0.01% | 5,000 | −16.7% | 63 | 0.01% | 230,500 | +17.5% | 37 | 0.35% | 0.16 | 197,415 | 0 | 197,415 |
| 1988 | 16,000,000 | 60 | < 0.01% | 6,000 | +20% | 62 | 0.01% | 196,100 | +3.6% | 43 | 0.30% | 0.14 | 194,972 | 0 | 194,972 |
| 1987 | 16,900,000 | 59 | < 0.01% | 5,000 | −28.6% | 64 | 0.01% | 189,300 | +19.6% | 44 | 0.30% | 0.14 | 167,612 | 0 | 167,612 |
| 1986 | 16,300,000 | 59 | < 0.01% | 7,000 | −12.5% | 61 | 0.01% | 158,300 | +4.1% | 48 | 0.26% | 0.12 | 139,768 | 0 | 139,768 |
| 1985 | 16,300,000 | 59 | < 0.01% | 8,000 | −27.3% | 60 | 0.01% | 152,000 | −9% | 48 | 0.25% | 0.12 | 135,790 | 0 | 135,790 |
| 1984 | 16,300,000 | 58 | < 0.01% | 11,000 | −21.4% | 60 | 0.02% | 167,000 | −14.4% | 44 | 0.28% | 0.13 | 198,303 | 0 | 198,303 |
| 1983 | 35,600,000 | 56 | 0.01% | 14,000 | +55.6% | 58 | 0.02% | 195,000 | −6.7% | 40 | 0.33% | 0.16 | 165,997 | 0 | 165,997 |
| 1982 | 23,000,000 | 55 | < 0.01% | 9,000 | +200% | 60 | 0.02% | 209,000 | −1.4% | 38 | 0.35% | 0.17 | 157,637 | 0 | 157,637 |
| 1981 | 20,000,000 | 54 | < 0.01% | 3,000 | −81.3% | 65 | < 0.01% | 212,000 | −5.8% | 38 | 0.35% | 0.18 | 167,107 | 0 | 167,107 |
| 1980 | 25,000,000 | 52 | < 0.01% | 16,000 | — | 51 | 0.03% | 225,000 | — | 35 | 0.36% | 0.2 | 187,036 | 0 | 187,036 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal