Crude Oil Production in Australia decreased to 322 BBL/D/1K in February from 349 BBL/D/1K in January of 2020.
Crude Oil Production in Australia averaged 462.96 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 June 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.