Crude Oil Production in Venezuela increased to 1050 BBL/D/1K in May from 1037 BBL/D/1K in April of 2019. Crude Oil Production in Venezuela averaged 2388.23 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 900.00 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 800.00 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 4616.00 5491.00 18496.00 -3154.00 USD Million [+]
Current Account 1687.00 2367.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 6.00 6.10 17.70 -9.20 percent [+]
Imports 3641.00 3121.00 19338.00 1970.00 USD Million [+]
Exports 8257.00 8612.00 31468.00 2995.00 USD Million [+]
External Debt 2.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 1050.00 1037.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.67 3.63 3.67 0.63 [+]
Foreign Direct Investment 197.00 14.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1050.00 1037.00 3453.00 594.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11905.00 Mar/19
Russia 10931.00 Feb/19
Saudi Arabia 9670.00 May/19
Canada 3985.00 Feb/19
China 3780.00 Feb/19
Brazil 2746.00 Feb/19
Mexico 1745.00 Feb/19
United Kingdom 1129.00 Feb/19
Indonesia 768.00 Feb/19
India 683.00 Feb/19
Argentina 486.00 Feb/19
Australia 332.00 Feb/19
Italy 88.00 Feb/19
Turkey 55.00 Feb/19
Germany 38.00 Feb/19
France 16.00 Feb/19
Netherlands 15.00 Feb/19
Japan 3.00 Feb/19
South Africa 1.00 Feb/19
Spain 1.00 Feb/19


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