Israel Crude Oil Production - Forecast

Crude Oil Production in Israel is expected to be 0.37 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 Israel to stand at 0.35 in 12 months time. In the long-term, the Israel Crude Oil Production is projected to trend around 0.30 BBL/D/1K in 2020, according to our econometric models.


Israel Crude Oil Production
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Israel Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -1720 -2170 -1316 -1227 -1484 -1590
Exports 4986 4073 4622 4634 4429 4362
Imports 6706 6243 5938 5861 5913 5951
Current Account 2635 2633 2517 2632 2519 2623
Current Account to GDP 4.1 3.8 3.8 3.8 3.6 3.3
External Debt 89213 90906 93759 91747 93166 92567
Terms of Trade 108 111 111 113 111 114
Capital Flows 2474 3949 3096 2908 2566 2642
Foreign Direct Investment 25050 17785 17563 20400 17593 22100
Remittances 1193 1196 1271 1198 1269 1208
Tourist Arrivals 393 300 300 300 300 300
Weapons Sales 1263 1263 1263 1263 1263 1263
Terrorism Index 5.06 5.64 5.78 5.93 5.75 5.4
Crude Oil Production 0.39 0.37 0.37 0.36 0.35 0.3