Crude Oil Production in Venezuela decreased to 906 BBL/D/1K in July from 1047 BBL/D/1K in June of 2019. Crude Oil Production in Venezuela averaged 2383.18 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 880.00 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.

Venezuela Crude Oil Production
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Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 4616.00 5491.00 18496.00 -3154.00 USD Million [+]
Current Account 1687.00 2367.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 6.00 6.10 17.70 -9.20 percent [+]
Imports 3641.00 3121.00 19338.00 1970.00 USD Million [+]
Exports 8257.00 8612.00 31468.00 2995.00 USD Million [+]
External Debt 2.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 906.00 1047.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 3.67 3.63 3.67 0.63 [+]
Foreign Direct Investment 197.00 14.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
906.00 1047.00 3453.00 594.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 12108.00 May/19
Russia 10835.00 Apr/19
Saudi Arabia 9580.00 Jul/19
Canada 4129.00 Apr/19
China 3823.00 Apr/19
Brazil 2604.00 Apr/19
Mexico 1698.00 Apr/19
United Kingdom 1082.00 Apr/19
Indonesia 759.00 Apr/19
India 677.00 Apr/19
Argentina 508.00 Apr/19
Australia 353.00 Apr/19
Italy 81.00 Apr/19
Turkey 56.00 Apr/19
Germany 39.00 Apr/19
Netherlands 15.00 Apr/19
Japan 3.00 Apr/19


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