Crude Oil Production in Australia decreased to 328 BBL/D/1K in May from 385 BBL/D/1K in April of 2020.

Crude Oil Production in Australia averaged 462.03 BBL/D/1K from 1994 until 2020, 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. Australia Crude Oil Production - values, historical data and charts - was last updated on September of 2020.

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.

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Australia Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
328.00 385.00 781.00 238.00 1994 - 2020 BBL/D/1K Monthly
NSA

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 4607.00 8149.00 10527.00 -4170.00 AUD Million [+]
Current Account 17738.00 9023.00 17738.00 -22279.00 AUD Million [+]
Current Account to GDP 0.20 -1.40 2.30 -7.30 percent [+]
Imports 29890.00 27951.00 36022.00 393.00 AUD Million [+]
Exports 34496.00 36100.00 43290.00 435.00 AUD Million [+]
External Debt 2176567.00 2328330.00 2328330.00 147312.00 AUD Million [+]
Terms of Trade 98.30 98.80 106.40 47.50 points [+]
Foreign Direct Investment 52011.00 80891.00 80891.00 -37051.00 AUD Million [+]
Capital Flows -18636.00 -10849.00 24576.00 -18636.00 AUD Million [+]
Tourist Arrivals 3530.00 5400.00 1077720.00 2250.00 [+]
Gold Reserves 60.70 79.90 79.90 60.70 Tonnes [+]
Crude Oil Production 328.00 385.00 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.65 2.83 3.11 0.01 [+]
Weapons Sales 148.00 38.00 158.00 2.00 USD Million [+]