Crude Oil Production in Australia averaged 453.04 BBL/D/1K from 1993 until 2022, reaching an all time high of 781.00 BBL/D/1K in February of 2000 and a record low of 238.00 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. Australia Crude Oil Production - values, historical data and charts - was last updated on February of 2023.
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. In the long-term, the Australia Crude Oil Production is projected to trend around 278.47 BBL/D/1K in 2024, according to our econometric models.