Crude Oil Production in Venezuela decreased to 1432 BBL/D/1K in February from 1488 BBL/D/1K in January of 2019. Crude Oil Production in Venezuela averaged 2395.67 BBL/D/1K from 1973 until 2019, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 594 BBL/D/1K in January of 2003.

Crude Oil Production in Venezuela is expected to be 1300.00 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 1200.00 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 1250.00 BBL/D/1K in 2020, according to our econometric models.

Venezuela Crude Oil Production
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Forecast Data Chart
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Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade -782.00 3330.00 17732.00 -2015.00 USD Million [+]
Current Account -5113.00 -5050.00 15502.00 -6088.00 USD Million [+]
Current Account to GDP 2.00 -1.60 17.70 -9.20 percent [+]
Imports 9576.00 8778.00 17841.00 1970.00 USD Million [+]
Exports 8483.00 12108.00 30743.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 1432.00 1488.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.67 3.63 3.67 0.63 [+]
Foreign Direct Investment -558.00 736.00 3061.00 -1509.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Venezuela Crude Oil Production

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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1432.00 1488.00 3453.00 594.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11849.00 Dec/18
Russia 10972.00 Nov/18
Saudi Arabia 10136.00 Feb/19
Canada 4225.00 Nov/18
China 3779.00 Nov/18
Brazil 2567.00 Nov/18
Mexico 1865.00 Nov/18
United Kingdom 924.00 Nov/18
Indonesia 747.00 Nov/18
India 692.00 Nov/18
Argentina 495.00 Nov/18
Australia 320.00 Nov/18
Italy 88.00 Nov/18
Turkey 58.00 Nov/18
Germany 39.00 Nov/18
Netherlands 16.00 Nov/18
France 15.00 Nov/18
Japan 3.00 Nov/18
Spain 2.00 Nov/18
South Africa 1.00 Nov/18


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