Crude Oil Production in Venezuela averaged 2276.25 BBL/D/1K from 1973 until 2022, 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 2022.
Crude Oil Production in Venezuela is expected to be 1200.00 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 1000.00 BBL/D/1K in 2023, according to our econometric models.