Venezuela's crude oil production increased to 1.187 million barrels per day in June 2026, the highest level since February 2019, according to OPEC's monthly report. Crude Oil Production in Venezuela averaged 2179.42 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.