Crude Oil Production in Venezuela increased to 1200 BBL/D/1K in July from 1187 BBL/D/1K in June of 2026. Crude Oil Production in Venezuela averaged 2177.90 BBL/D/1K from 1973 until 2026, reaching an all time high of 3453.00 BBL/D/1K in December of 1997 and a record low of 392.00 BBL/D/1K in July of 2020. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Venezuela is expected to be 1200.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Crude Oil Production is projected to trend around 1500.00 BBL/D/1K in 2027 and 2000.00 BBL/D/1K in 2028, according to our econometric models.