Crude Oil Production in Australia increased to 353 BBL/D/1K in June from 328 BBL/D/1K in May of 2020.

Crude Oil Production in Australia averaged 461.68 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 October 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
353.00 328.00 781.00 238.00 1994 - 2020 BBL/D/1K Monthly
NSA

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 2643.00 4652.00 10527.00 -4180.00 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 29996.00 29417.00 36123.00 393.00 AUD Million [+]
Exports 32638.00 34069.00 43272.00 435.00 AUD Million [+]
External Debt 2176567.00 2350882.00 2350882.00 147312.00 AUD Million [+]
Terms of Trade 96.60 98.30 106.40 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 3030.00 3530.00 1077720.00 2250.00 [+]
Gold Reserves 60.70 79.90 79.90 60.70 Tonnes [+]
Crude Oil Production 353.00 328.00 781.00 238.00 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 [+]