Key Market Indicators
Lithuania's crude oil demand is expected to decrease by 20.5% in December 2021, compared to the same month the year before. This brings the total demand since 2008 to a fall of 1.5% year on year. In 2021, Lithuania's crude oil production was down 13.1% from 2020. Since 1995, output has decreased by 18.5%, ranking the country at number 78. South Africa has surpassed Lithuania for the top spot, with Saudi Arabia, the United States and Iraq following close behind.
