Venezuela Crude Oil Production: Venezuela Crude Oil Production is at a current level of 795.00K, down from 875.00K last month and down from 1.545M one year ago. This is a change of -9.14% from last month and -48.54% from one year ago. Venezuela’s Oil Consumption was reported at 409.082 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 463.027 Barrel/Day th for Dec 2017. Venezuela’s Oil Consumption data is updated yearly, averaging 435.222 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 792.132 Barrel/Day th in 2012 and a record low of 181.469 According to the latest data, Venezuela’s crude oil production now stands at its lowest level in more than 50 years. Output in May averaged 1.36 million barrels per day (b/d), down from 1.41 million b/d in April.

Venezuela Oil Production is at a current level of 1.514M, down from 2.096M one year ago. This is a change of -27.78% from one year ago. Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports, adding that the Maduro government is considering giving foreign Since the end of 2018, Venezuela has lost around 600,000 bpd of crude oil production, due to the U.S. sanctions and the economic collapse in which the country doesn’t invest in maintenance and Historical Production Data OPEC Member Countries’ historical production data, directly communicated or based on secondary sources, are available in OPEC’s Monthly Oil Market Reports. These reports can be viewed here . The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts. A monthly OPEC report published Monday revealed Venezuela pumped 1.6 million barrels of oil per day last month. Production in January was down 20% from a year ago.

16 Jan 2020 President Nicolas Maduro reckons Venezuela's oil output will double to 2 million barrels per day in 2020.

25 Feb 2019 But over the past decade, oil production has collapsed and the country is in a deep economic crisis. So what effect are the sanctions having  25 Jan 2019 Venezuela's crude production fell to 1.1m barrels a day in December, just a third of its level in the mid-2000s. It is worth noting that although the  18 May 2017 Venezuela's already-decrepit oil industry is deteriorating by the day, and an As of April, oil production stood at 1.956 million barrels per day  16 Jul 2018 Crude production has tanked, hitting a 28-year low last fall when it dipped under 2 million barrels a day. “I don't think we've ever seen a  1 May 2018 GETTY. Nicolás Maduro, president of Venezuela. Analysts suggest Venezuela's oil output could fall by 500,000 barrels per day (bpd) - pushing  19 May 2018 The Organization of the Petroleum Exporting Countries (OPEC) says oil production is down to a 30-year low of around 1.4mn barrels a day.

2 Jan 2019 Home to the world's biggest crude reserves, the country exported 1.245 million barrels a day last year, the lowest since 1990, as production 

In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m3/d) and the country was also the  According to the latest data, Venezuela's crude oil production now stands at its the country is now producing more than 600 thousand barrels per day (kb/d)  Crude Oil Production in Venezuela decreased to 865 BBL/D/1K in February from 882 BBL/D/1K in January of 2020. Crude Oil Production in Venezuela  20 May 2019 In April 2019, Venezuela's crude oil production averaged 830,000 barrels per day (b/d), down from 1.2 million b/d at the beginning of the year, 

7 Aug 2018 As reported by OilPrice.com, according to OPEC secondary sources, Venezuela's oil output fell to 1.34 million barrels per day in June, which, 

According to the latest data, Venezuela’s crude oil production now stands at its lowest level in more than 50 years. Output in May averaged 1.36 million barrels per day (b/d), down from 1.41 million b/d in April. A Short History of Venezuela's Oil Industry. Venezuela's oil production reached an all-time high in 1970 when the country produced 3.8 million barrels per day (BPD). In 1971, Venezuela nationalized its natural gas industry, and began taking steps to nationalize its oil industry. The citizens of Venezuela have gotten used to spending days parked in mile-long lines for state-owned gasoline as shortages worsened for the nation, which holds the largest oil reserves in the world.

Venezuela’s Oil Consumption was reported at 409.082 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 463.027 Barrel/Day th for Dec 2017. Venezuela’s Oil Consumption data is updated yearly, averaging 435.222 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 792.132 Barrel/Day th in 2012 and a record low of 181.469

21 May 2019 By the numbers: In April 2019, Venezuela's oil production averaged 830,000 barrels per day, down from 1.2 million at the beginning of the year. 1 Apr 2019 For the six months prior to February, Venezuela's crude oil production had fallen by an average of 20,500 barrels per day (see below). “This  24 Aug 2018 The chart above shows average daily oil production on a monthly basis from January 1994 to May 2018 in Venezuela and Texas, based on EIA  25 Feb 2019 But over the past decade, oil production has collapsed and the country is in a deep economic crisis. So what effect are the sanctions having  25 Jan 2019 Venezuela's crude production fell to 1.1m barrels a day in December, just a third of its level in the mid-2000s. It is worth noting that although the  18 May 2017 Venezuela's already-decrepit oil industry is deteriorating by the day, and an As of April, oil production stood at 1.956 million barrels per day 

19 May 2018 The Organization of the Petroleum Exporting Countries (OPEC) says oil production is down to a 30-year low of around 1.4mn barrels a day. 17 Aug 2018 Although Venezuelan crude oil production has been declining gradually since its peak of 3.4 million barrels per day just before Hugo Chavez  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 Venezuela Crude Oil: Production. 2002 - 2019 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries. Venezuela’s Crude Oil: Production was reported at 742.000 Barrel/Day th in Jul 2019. This records a decrease from the previous number of 774.000 Barrel/Day th for Jun 2019. Venezuela Crude Oil Production: Venezuela Crude Oil Production is at a current level of 795.00K, down from 875.00K last month and down from 1.545M one year ago. This is a change of -9.14% from last month and -48.54% from one year ago. Venezuela’s Oil Consumption was reported at 409.082 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 463.027 Barrel/Day th for Dec 2017. Venezuela’s Oil Consumption data is updated yearly, averaging 435.222 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 792.132 Barrel/Day th in 2012 and a record low of 181.469 According to the latest data, Venezuela’s crude oil production now stands at its lowest level in more than 50 years. Output in May averaged 1.36 million barrels per day (b/d), down from 1.41 million b/d in April.