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.

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Australia Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
311.04 334.32 781.00 238.00 1994 - 2021 BBL/D/1K Monthly
NSA

Australia Trade Last Previous Highest Lowest Unit
Balance of Trade 12117.00 11114.00 12117.00 -4156.00 AUD Million [+]
Current Account 20461.00 18922.00 20461.00 -22183.00 AUD Million [+]
Current Account to GDP 2.50 0.60 2.50 -7.30 percent of GDP [+]
Imports 33834.00 32747.00 36217.00 393.00 AUD Million [+]
Exports 45951.00 43861.00 45951.00 435.00 AUD Million [+]
External Debt 2150759.00 2126051.00 2349546.00 147312.00 AUD Million [+]
Terms of Trade 127.00 114.30 127.00 47.50 points [+]
Foreign Direct Investment 29274.00 56423.00 91650.00 -37051.00 AUD Million [+]
Capital Flows -24448.00 -15363.00 24576.00 -24448.00 AUD Million [+]
Tourist Arrivals 18750.00 36770.00 1077720.00 2250.00 [+]
Gold Reserves 79.85 79.85 79.85 48.83 Tonnes [+]
Crude Oil Production 311.04 334.32 781.00 238.00 BBL/D/1K [+]
Terrorism Index 2.15 2.65 3.11 0.01 [+]
Weapons Sales 396.00 103.00 396.00 2.00 SIPRI TIV Million [+]