Crude Oil Production in Venezuela increased to 841 BBL/D/1K in January from 802 BBL/D/1K in December of 2023. Crude Oil Production in Venezuela averaged 2234.04 BBL/D/1K from 1973 until 2024, 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 780.00 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 800.00 BBL/D/1K in 2025, according to our econometric models.

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Venezuela Crude Oil Production


Related Last Unit Reference
Crude Oil Production 841.00 BBL/D/1K Jan 2024
Current Account to GDP 3.50 percent of GDP Dec 2022
Exports by Category
Exports by Country
External Debt 0.00 USD Million Oct 2023
External Debt to GDP 64.70 percent of GDP Dec 2019
Gold Reserves 161.22 Tonnes Dec 2023
Imports by Category
Imports by Country
Terrorism Index 3.41 Points Dec 2022

Venezuela Crude Oil Production
Actual Previous Highest Lowest Dates Unit Frequency
841.00 802.00 3453.00 392.00 1973 - 2024 BBL/D/1K Monthly
NSA