Crude Oil Production in Venezuela decreased to 960 BBL/D/1K in March from 1432 BBL/D/1K in February of 2019. Crude Oil Production in Venezuela averaged 2393.08 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 1250.00 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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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 6.00 6.10 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 960.00 1432.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
960.00 1432.00 3453.00 594.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11871.00 Jan/19
Russia 11051.00 Dec/18
Saudi Arabia 9787.00 Mar/19
Canada 4379.00 Dec/18
China 3845.00 Dec/18
Brazil 2769.00 Dec/18
Mexico 1733.00 Dec/18
United Kingdom 1085.71 Dec/18
Indonesia 776.00 Dec/18
India 689.00 Dec/18
Argentina 498.00 Dec/18
Australia 323.00 Dec/18
Italy 85.00 Dec/18
Turkey 56.00 Dec/18
Germany 38.00 Dec/18
France 15.00 Dec/18
Netherlands 15.00 Dec/18
Japan 3.00 Dec/18
South Africa 1.00 Dec/18
Spain 1.00 Dec/18


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