Crude Oil Production in Venezuela increased to 877 BBL/D/1K in February from 841 BBL/D/1K in January of 2024. Crude Oil Production in Venezuela averaged 2231.83 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.