Singapore Oil

20,538b/d+0.9% YoY
1,482,170b/d+2.5% YoY
Daily Deficit (2024)
−1,461,815b/d

Production covers 1.4% of consumption.

Consumption
Production
Deficit

Oil Reserves in Singapore

Oil Production in Singapore

  • Singapore produced 20,538 barrels per day of oil and petroleum liquids in 2025 (#77 in the world), an increase of 0.9% from 20,356 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 Singapore

  • Singapore consumed 1,482,170 barrels per day of oil and petroleum products in 2024 (#15 in the world), an increase of 2.5% from 2023. This represents 1.4% of the world's total oil consumption.
  • Per capita, oil consumption in Singapore averaged 10.67 us gallons per day in 2024 (#2 in the world).
  • The largest refined-product categories were Residual Fuel Oil (60.4%), Other Refined Products (19.3%), and Jet Fuel (10.4%).

(Historical) Oil Imports & Exports in Singapore

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 Singapore

  • In 2024, Singapore produced approximately 20,356 barrels per day of oil and consumed 1,482,170 barrels per day , a deficit of 1,461,815 barrels per day.

Singapore Oil History (1973-2025)

ReservesProductionConsumptionCrude Oil Trade (Historical)
2025———20,538+0.9%770.02%————————
2024———20,356−0.02%760.02%1,482,170+2.5%151.4%10.67———
2023———20,360+2.4%730.02%1,446,504+8.4%151.4%10.49———
2022———19,891−1.4%750.02%1,334,499+0.16%161.3%9.92———
2021———20,172+9.4%760.02%1,332,367−0.7%151.4%10.09———
2020———18,444−5.5%770.02%1,341,725−6.3%151.5%10.03———
2019———19,511+1.4%770.02%1,431,552−1.1%161.4%10.6———
2018———19,238+1.2%760.02%1,447,172+0.19%161.4%10.791,121,18012,9701,108,210
20170——19,012−39.9%770.02%1,444,493+6.8%161.5%10.831,136,36015,4001,120,960
20160——31,611+2%700.03%1,352,000+6.7%161.4%10.18955,94114,680941,261
20150——30,993−13.8%710.03%1,267,000+2.5%171.3%9.63992,80914,881977,928
20140——35,944+12.7%690.04%1,235,509−1.1%181.3%9.51953,50011,538941,962
20130——31,884−11.1%710.03%1,249,122−0.22%181.4%9.74948,1758,351939,824
20120——35,882+14.8%680.04%1,251,914−1.1%181.4%9.93973,5637,371966,192
20110——31,260+54.2%700.04%1,265,673+8%181.4%10.26980,3696,425973,944
20100——20,273+13%770.02%1,171,497+13.9%181.3%9.69953,4989,464944,034
20090——17,940−20.9%770.02%1,028,278+2%181.2%8.69883,50211,679871,823
20080——22,668+95.3%720.03%1,008,460+1.9%191.2%8.811,164,8246,7861,158,038
20070——11,608+16.5%830.01%990,016+6%211.1%9.051,164,4211,8931,162,528
20060——9,967+16.3%850.01%933,822+9%221.1%8.91,153,9303,8461,150,084
20050——8,573−12.8%850.01%856,429+4.2%221.0%8.431,180,1883,3431,176,845
20040——9,836+1.4%830.01%822,160+6.2%220.99%8.281,114,320201,114,300
20030——9,700.7+17%800.01%773,826+2%220.96%7.85939,4311,199938,232
20020——8,290.4−44.6%800.01%758,769−0.8%220.97%7.68818,7702,377816,393
20010——14,956+14.2%700.02%764,904+6.5%210.98%7.8821,931121821,810
20000——13,095+107.9%720.02%718,027+1.1%220.93%7.47842,370502841,868
19990——6,300+96.9%780.01%710,000+6.3%220.94%7.52894,787882893,905
19980——3,200−40.7%84< 0.01%668,100+5.9%220.90%7.191,047,405201,047,385
19970——5,400−15.6%800.01%630,700+7.7%220.86%6.981,117,7442,7111,115,033
19960——6,400—780.01%585,600+19%240.82%6.711,117,0591,2621,115,797
19950——————492,000−3.9%240.71%5.851,037,1151201,036,995
19940——————512,000+14.8%240.75%6.291,124,4901,3251,123,165
19930——————445,800+8%270.67%5.641,059,7498831,058,866
19920——−4,000+110.5%125−0.01%412,900+9.6%280.61%5.37933,067441932,626
19910——−1,900−68.3%109< 0.01%376,700+3.7%270.56%5.04906,68820906,668
19900——−6,000−9.1%107−0.01%363,200+10.3%280.55%5.02859,447382859,065
19890——−6,600+15.8%106−0.01%329,200+8.8%300.50%4.71740,5582,564737,994
19880——−5,700−618.2%106−0.01%302,600+6.2%290.47%4.46692,511497692,014
19870——1,100−117.7%75< 0.01%285,000+10.7%290.45%4.3694,7262,101692,625
19860——−6,200−255%105−0.01%257,400+13.4%310.42%3.94646,3973,705642,692
19850——4,000+0%650.01%227,000−3.4%320.38%3.49592,9744,007588,967
19840——4,000+0%660.01%235,000+6.8%310.39%3.63728,9196,685722,234
19830——4,000+0%650.01%220,000−0.9%330.37%3.44813,6559,364804,291
19820——4,000+0%640.01%222,000+3.7%340.37%3.55816,9985,558811,440
19810——4,000+0%610.01%214,000+5.9%370.35%3.55812,9911,007811,984
19800——4,000—610.01%202,000—390.32%3.48622,7366,806615,930

See also

Sources