Crude Oil Production in Venezuela increased to 582 BBL/D/1K in May from 452 BBL/D/1K in April of 2021. source: Organization of the Petroleum Exporting Countries

Crude Oil Production in Venezuela averaged 2316.34 BBL/D/1K from 1973 until 2021, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 392 BBL/D/1K in July of 2020. This page provides the latest reported value for - Venezuela Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Venezuela Crude Oil Production - values, historical data and charts - was last updated on June of 2021.

Crude Oil Production in Venezuela is expected to be 750.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Venezuela to stand at 900.00 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 875.00 BBL/D/1K in 2022, according to our econometric models.

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Venezuela Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
582.00 452.00 3453.00 392.00 1973 - 2021 BBL/D/1K Monthly
NSA

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 5680.00 4887.00 18496.00 -3154.00 USD Million [+]
Current Account 2533.00 2046.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP -3.50 8.40 17.70 -9.20 percent of GDP [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.22 Tonnes [+]
Crude Oil Production 582.00 452.00 3453.00 392.00 BBL/D/1K [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]
Terrorism Index 3.66 4.10 4.10 0.63 [+]