Crude Oil Production in Venezuela decreased to 1488 BBL/D/1K in January from 1511 BBL/D/1K in December of 2018. Crude Oil Production in Venezuela averaged 2397.41 BBL/D/1K from 1973 until 2019, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 594 BBL/D/1K in January of 2003.

Crude Oil Production in Venezuela is expected to be 1300.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Venezuela to stand at 1200.00 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 1250.00 BBL/D/1K in 2020, according to our econometric models.

Venezuela Crude Oil Production
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Forecast Data Chart
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Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade -782.00 3330.00 17732.00 -2015.00 USD Million [+]
Current Account -5113.00 -5050.00 15502.00 -6088.00 USD Million [+]
Current Account to GDP 2.00 -1.60 17.70 -9.20 percent [+]
Imports 9576.00 8778.00 17841.00 1970.00 USD Million [+]
Exports 8483.00 12108.00 30743.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 1488.00 1511.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.67 3.63 3.67 0.63 [+]
Foreign Direct Investment -558.00 736.00 3061.00 -1509.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Venezuela Crude Oil Production

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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1488.00 1511.00 3453.00 594.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11900.00 Nov/18
Russia 11014.00 Oct/18
Saudi Arabia 10243.00 Jan/19
Canada 4329.00 Oct/18
China 3789.00 Oct/18
Brazil 2522.00 Aug/18
Mexico 1787.00 Oct/18
United Kingdom 842.00 Aug/18
Indonesia 787.00 Aug/18
India 701.00 Aug/18
Argentina 492.00 Aug/18
Australia 281.00 Aug/18
Italy 83.00 Aug/18
Turkey 57.00 Aug/18
Germany 41.00 Aug/18
France 16.00 Aug/18
Netherlands 16.00 Aug/18
Japan 3.00 Aug/18
South Africa 2.00 Aug/18
Spain 2.00 Aug/18


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