Crude Oil Production in Italy decreased to 77 BBL/D/1K in May from 81 BBL/D/1K in April of 2019. Crude Oil Production in Italy averaged 95.50 BBL/D/1K from 1994 until 2019, reaching an all time high of 120 BBL/D/1K in October of 1997 and a record low of 23 BBL/D/1K in July of 2016.
Crude Oil Production in Italy is expected to be 80.00 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 Italy to stand at 78.00 in 12 months time. In the long-term, the Italy Crude Oil Production is projected to trend around 75.00 BBL/D/1K in 2020, according to our econometric models.