- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes.
Singapore Oil Consumption was 1,359 Thousand Barrels Daily in 2023, up 13% on 2022. The Oil Consumption dataset of Singapore from 2015 to 2023 provides a comprehensive overview of the country's oil consumption, highlighting demand trends, consumption levels, supply patterns, and overall industry performance throughout the review period.
Singapore Oil Consumption moved from 1,232 Thousand Barrels Daily in 2015 to 1,359 Thousand Barrels Daily in 2023 (+10.3%), an average of +1.2% a year. The series high was 1,359 Thousand Barrels Daily in 2023 and the low 1,203 Thousand Barrels Daily in 2022.
The gap between the series high (2023) and low (2022) is 156 Thousand Barrels Daily. The sharpest single-year move was +13% in 2023.
Among the 46 countries in this dataset, Singapore ranks 14 for 2023, behind U.S. (18,984 Thousand Barrels Daily) and China (16,577 Thousand Barrels Daily). It accounts for 1.4% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
Scroll the table sideways to see all columns.
| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023Peak | 1,359 | +13% |
| 2022 Trough | 1,203 | −3.5% |
| 2021 | 1,247 | −1.2% |
| 2020 | 1,262 | −3.7% |
| 2019 | 1,310 | −2.1% |
| 2018 | 1,338 | +1.4% |
| 2017 | 1,320 | +1.5% |
| 2016 | 1,300 | +5.5% |
| 2015 | 1,232 | — |
Regional context
Oil Consumption by country, 2023, Thousand Barrels Daily. Singapore is highlighted.
Data definition
Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time.
The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.
Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in million barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Singapore's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape and its role as a regional energy and refining hub.
Singapore's oil consumption increased from 1.23 million barrels daily in 2015 to 1.30 million in 2016, 1.32 million in 2017, and 1.34 million barrels daily in 2018, representing the highest level before the pandemic. Consumption eased slightly to 1.31 million barrels daily in 2019 and declined further to 1.26 million barrels daily in 2020, reflecting reduced transportation activity and slower economic performance. Demand remained relatively stable at 1.25 million barrels daily in 2021 before declining to 1.20 million in 2022. Consumption rebounded strongly to 1.36 million barrels daily in 2023, the highest level during the review period, highlighting renewed economic activity, strengthening industrial demand, and recovery across aviation, shipping, and commercial sectors.
Overall, the dataset indicates moderate fluctuations in Singapore's oil consumption, with temporary declines during 2020–2022 followed by a strong recovery in 2023. The record consumption level reflects resilient petroleum demand supported by the country's strategic position as a global refining, trading, and logistics center. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.
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Definition- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Singapore Oil Consumption was 1,359 Thousand Barrels Daily in 2023, up 13% on 2022.
Singapore Oil Consumption moved from 1,232 Thousand Barrels Daily in 2015 to 1,359 Thousand Barrels Daily in 2023 (+10.3%), an average of +1.2% a year. The series high was 1,359 Thousand Barrels Daily in 2023 and the low 1,203 Thousand Barrels Daily in 2022.
The highest value was 1,359 Thousand Barrels Daily in 2023 and the lowest was 1,203 Thousand Barrels Daily in 2022.
Included: The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time. Excluded: The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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