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European Union - oil production in barrels per day 2000-2018

Oil production in the European Union from 2000 to 2018 (in 1,000 barrels per day)

by Ian Tiseo, last edited Aug 9, 2019
European Union - oil production in barrels per day 2000-2018 Since the turn of the century, the production of oil in the European Union has seen a significant decline. In 2000, approximately 3.5 million barrels per day were produced, but by 2018 this had fallen by more than half to 1.5 million barrels per day. The United Kingdom is the EU’s main oil producing country, followed by Denmark and Italy. Whilst these nations produce significantly less than the UK, all pale in comparison to the oil production of countries such as the United States and Saudi Arabia.
Oil reserves in decline

  Much like production, the oil reserves of EU nations have also been in decline. As the North sea’s resources deplete, the UK has seen reserves drop from 2.8 billion barrels worth in 2010 to 2.3 billion by 2017. In comparison, oil reserves in Russia amounted to 106 billion barrels in 2017.

Oil consumption highest in Germany

Of all European Union nations, Germany had the highest level of oil consumption in 2017, at 2.4 million barrels per day. This was followed by France and the United Kingdom, who both consumed approximately 1.6 million barrels per day.
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Oil production in the European Union from 2000 to 2018 (in 1,000 barrels per day)

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