Crude Oil Production in Venezuela decreased to 573 BBL/D/1K in May from 737 BBL/D/1K in April of 2020.
Crude Oil Production in Venezuela averaged 2355.42 BBL/D/1K from 1973 until 2020, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 573 BBL/D/1K in May 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 July of 2020. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Venezuela is expected to be 1100.00 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 1000.00 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 1250.00 BBL/D/1K in 2021 and 1150.00 BBL/D/1K in 2022, according to our econometric models.