Crude Oil Production in Venezuela increased to 641 BBL/D/1K in August from 614 BBL/D/1K in July of 2021. source: Organization of the Petroleum Exporting Countries

Crude Oil Production in Venezuela averaged 2307.68 BBL/D/1K from 1973 until 2021, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 392 BBL/D/1K in July of 2020. 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 - values, historical data and charts - was last updated on September of 2021.

Crude Oil Production in Venezuela is expected to be 850.00 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 875.00 BBL/D/1K in 2022, according to our econometric models.

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Venezuela Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
641.00 614.00 3453.00 392.00 1973 - 2021 BBL/D/1K Monthly
NSA

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 5680.00 4887.00 18496.00 -3154.00 USD Million [+]
Current Account 2533.00 2046.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP -3.50 8.40 17.70 -9.20 percent of GDP [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.22 Tonnes [+]
Crude Oil Production 641.00 614.00 3453.00 392.00 BBL/D/1K [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]
Terrorism Index 3.66 4.10 4.10 0.63 [+]