Crude Oil Production in Venezuela increased to 912 BBL/D/1K in November from 761 BBL/D/1K in October of 2019.

Crude Oil Production in Venezuela averaged 2372.21 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. 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. source: Organization of the Petroleum Exporting Countries

Crude Oil Production in Venezuela is expected to be 800.00 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 800.00 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.


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Venezuela Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
912.00 761.00 3453.00 594.00 1973 - 2019 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 6.00 6.10 17.70 -9.20 percent [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 246.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.00 Tonnes [+]
Crude Oil Production 912.00 761.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 4.10 3.67 4.10 0.63 [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]