Crude Oil Production in Venezuela increased to 1206 BBL/D/1K in September from 1201 BBL/D/1K in August of 2026. Crude Oil Production in Venezuela averaged 2174.87 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 1220.00 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.