Venezuela's oil production saw a growth throughout much of 2023. Monthly output climbed as high as 880,000 barrels per day in July of that year. In comparison to the same month of the previous year, this represented an increase of 250,000 barrels per day. Nevertheless, annual crude oil production in Venezuela has been on a mostly downward trend since 2015, amounting to approximately 730,000 barrels daily in 2022.
Crude oil production in Venezuela from January 2021 to October 2023
(in 1,000 barrels per day)
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EIA. (February 1, 2024). Crude oil production in Venezuela from January 2021 to October 2023 (in 1,000 barrels per day) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/
EIA. "Crude oil production in Venezuela from January 2021 to October 2023 (in 1,000 barrels per day)." Chart. February 1, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/
EIA. (2024). Crude oil production in Venezuela from January 2021 to October 2023 (in 1,000 barrels per day). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/
EIA. "Crude Oil Production in Venezuela from January 2021 to October 2023 (in 1,000 Barrels per Day)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/
EIA, Crude oil production in Venezuela from January 2021 to October 2023 (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/ (last visited July 22, 2024)
Crude oil production in Venezuela from January 2021 to October 2023 (in 1,000 barrels per day) [Graph], EIA, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/1240421/crude-oil-production-monthly-venezuela/