Australia - Crude Oil and Condensate Production
Since 2014, Australia Crude Oil and Condensate Production jumped by 2.5% year on year. In 2019, the country was ranked number 30 comparing other countries in Crude Oil and Condensate Production at 400.23 Thousand Barrels Per Day. Australia is overtaken by Argentina, which was ranked number 29 at 508.63 Thousand Barrels Per Day and is followed by Republic of the Congo with 332 Thousand Barrels Per Day. United States ranked the highest with 12,231.59 Thousand Barrels Per Day in 2019, an increase of 11.3% versus 2018. Russia, Saudi Arabia and Iraq respectively ranked number 2, 3 and 4 in this ranking. Libya recorded the best 5 years average growth at +18.7% per year, while Venezuela witnessed the worst performance at -20.1% per year.
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| Date | Thousand Barrels Per Day |
|---|---|
| 2019 | 400.23 |
| 2018 | 294.63 |
| 2017 | 284.13 |
| 2016 | 291.80 |
| 2015 | 322.25 |
How does Australia rank in Crude Oil and Condensate Production?
| # | 49 Countries | Thousand Barrels Per Day | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
12,231.59 | 2019 | +11.3 % | +6.8 % | View data | |
| 2 |
#2
Russia
|
11,291.64 | 2019 | +0.8 % | +1.3 % | View data | |
| 29 |
#29
Argentina
|
508.63 | 2019 | +3.9 % | -0.9 % | View data | |
| 30 |
#30
Australia
|
400.23 | 2019 | +35.8 % | +2.5 % | View data | |
| 31 |
#31
Republic of the Congo
|
332.00 | 2019 | +2.6 % | +6.3 % | View data | |