Crude Oil Production in Brazil decreased to 2631 BBL/D/1K in January from 2769 BBL/D/1K in December of 2018. Crude Oil Production in Brazil averaged 1668.28 BBL/D/1K from 1994 until 2019, reaching an all time high of 2769 BBL/D/1K in December of 2018 and a record low of 330 BBL/D/1K in May of 1995.
Crude Oil Production in Brazil is expected to be 2900.00 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 Brazil to stand at 2900.00 in 12 months time. In the long-term, the Brazil Crude Oil Production is projected to trend around 3000.00 BBL/D/1K in 2020, according to our econometric models.