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Oil imports - Europe 1998-2018
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Oil imports - Europe 1998-2018
European oil imports from 1998 to 2018 (in 1,000 barrels per day)
by Ian Tiseo,
last edited
Aug 9, 2019
Since 1998, the overall volume of oil imports into Europe increased from 11 million barrels per day to 15 million in 2018. This was the highest volume of oil imported during this period. In the same year, the European Union’s share of crude oil imports amounted to 12.3 percent of the global volume.
Production falls
The increase in oil imports coincides with a fall in production. At the turn of the century, oil production in the European Union amounted to 168 million metric tons. By 2017 this had fallen to just 69 million metric tons.
Demand in Europe set to increase
Europe’s thirst for oil is expected to increase in 2019 to an estimated 15.1 million barrels per day, a slight increase from 2018. Throughout the EU Germany consumed the largest quantity of oil. Demand in the country has been increasing yearly since 2014 and amounted to 2.4 million barrels per day in 2017. In comparison, the UK had the second highest demand in the region at 1.6 million barrels per day.
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by Ian Tiseo,
last edited
Aug 9, 2019
Since 1998, the overall volume of oil imports into Europe increased from 11 million barrels per day to 15 million in 2018. This was the highest volume of oil imported during this period. In the same year, the European Union’s share of crude oil imports amounted to 12.3 percent of the global volume.
Production falls
The increase in oil imports coincides with a fall in production. At the turn of the century, oil production in the European Union amounted to 168 million metric tons. By 2017 this had fallen to just 69 million metric tons.
Demand in Europe set to increase
Europe’s thirst for oil is expected to increase in 2019 to an estimated 15.1 million barrels per day, a slight increase from 2018. Throughout the EU Germany consumed the largest quantity of oil. Demand in the country has been increasing yearly since 2014 and amounted to 2.4 million barrels per day in 2017. In comparison, the UK had the second highest demand in the region at 1.6 million barrels per day.
- Show sources information
- Show publisher information
- Release date
- June 2019
- Region
- Europe
- Survey time period
- 1998 to 2018
- Supplementary notes
- The figures prior to 2015 are taken from a previous edition of the publication.
Source
- Show sources information
- Show publisher information
- Release date
- June 2019
More information
- Region
- Europe
- Survey time period
- 1998 to 2018
- Supplementary notes
- The figures prior to 2015 are taken from a previous edition of the publication.
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