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Oil production hits 40-year low

ENERGY Quest's quarterly report for the Australian oil and gas sector has made grim observations ...

Andrew Snelling
Oil production hits 40-year low

The report said production drove down 18.6% compared with the previous year, amounting to 71.9 million barrels. Australia produced 65 million barrels of oil in 1970. Gas was up 3.1% over 2013, with...

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