Crude Oil Production in Australia decreased to 338.49 BBL/D/1K in January from 344 BBL/D/1K in December of 2020. source: U.S. Energy Information Administration

Crude Oil Production in Australia averaged 459.19 BBL/D/1K from 1994 until 2021, 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 May of 2021.

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 2022, according to our econometric models.

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Australia Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
338.49 344.00 781.00 238.00 1994 - 2021 BBL/D/1K Monthly
NSA

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 5574.00 7595.00 9627.00 -4203.00 AUD Million [+]
Current Account 14523.00 10706.00 16382.00 -22189.00 AUD Million [+]
Current Account to GDP 2.50 0.60 2.50 -7.30 percent [+]
Imports 32700.00 31360.00 36199.00 393.00 AUD Million [+]
Exports 38274.00 38955.00 44130.00 435.00 AUD Million [+]
External Debt 2165261.00 2187215.00 2350882.00 147312.00 AUD Million [+]
Terms of Trade 114.30 103.00 114.30 47.50 points [+]
Capital Flows -9999.00 -5729.00 24576.00 -21410.00 AUD Million [+]
Foreign Direct Investment 29274.00 52011.00 80891.00 -37051.00 AUD Million [+]
Tourist Arrivals 6260.00 7990.00 1077720.00 2250.00 [+]
Gold Reserves 79.85 67.74 79.85 48.83 Tonnes [+]
Crude Oil Production 338.49 344.00 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.15 2.65 3.11 0.01 [+]
Weapons Sales 396.00 103.00 396.00 2.00 USD Million [+]