Crude Oil Production in Australia decreased to 308 BBL/D/1K in February from 313 BBL/D/1K in January of 2022. source: U.S. Energy Information Administration
Crude Oil Production in Australia averaged 455.94 BBL/D/1K from 1993 until 2022, 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 July of 2022.
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 2023, according to our econometric models.