Crude Oil Production in Australia decreased to 311.04 BBL/D/1K in May from 334.32 BBL/D/1K in April of 2021. source: U.S. Energy Information Administration
Crude Oil Production in Australia averaged 457.64 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 September 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. 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.