Crude Oil Production in Australia increased to 414 BBL/D/1K in October from 375 BBL/D/1K in September of 2019. Australia Crude Oil Production - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Crude Oil Production in Australia averaged 464.23 BBL/D/1K from 1994 until 2019, reaching an all time high of 781 BBL/D/1K in February of 2000 and a record low of 238 BBL/D/1K in May of 2018. This page provides the latest reported value for - Australia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Crude Oil Production in Australia is expected to be 278.55 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Australia to stand at 278.48 in 12 months time. In the long-term, the Australia Crude Oil Production is projected to trend around 278.47 BBL/D/1K in 2021, according to our econometric models.