Crude Oil Production in Philippines remained unchanged at 14 BBL/D/1K in May from 14 BBL/D/1K in April of 2019. Crude Oil Production in Philippines averaged 17.90 BBL/D/1K from 1994 until 2019, reaching an all time high of 38 BBL/D/1K in January of 2014 and a record low of 1 BBL/D/1K in January of 1997.
Crude Oil Production in Philippines is expected to be 14.00 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 Philippines to stand at 15.00 in 12 months time. In the long-term, the Philippines Crude Oil Production is projected to trend around 30.00 BBL/D/1K in 2020, according to our econometric models.