Will Venezuelan crude oil production reach __ barrels per day in 2026?
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Rodriguez: An agreement with the United States has been reached with the aim of increasing Venezuelan oil production to 1.5 million barrels per day.
Venezuela's oil production surpassed 1.23 million barrels per day, its highest level since February 2019, reported acting president Delcy Rodríguez. Fifty new gas and oil agreements with private and international investment have been signed. The exchange rate gap has narrowed from 30% to 12.3%, and ECLAC projects GDP growth of 6.5% in 2026. What do you think of this progress? Tell us in the comments. #Venezuela #Oil #LatinEnergy #teleSUR #Aug26
Venezuela's state oil company: Crude production could reach approximately 1.245 million barrels per day by the end of this month.
Entérate de lo más destacado de la entrevista del presidente de PDVSA, Héctor Obregón en VTV. Informó que actualmente la producción diaria de petróleo se ubica en 1.233.000 barriles. Detalló que en la reforma de la Ley Orgánica de Hidrocarburos se incorporaron nuevas figuras contractuales, tales como las Alianzas Técnicas Financieras, las Alianzas de Servicios y los CPP. Enfatizó que el objetivo estratégico actual es «dejar de ser solo la mayor reserva del mundo (303.000 millones de barriles) para convertirse en el mayor productor». Sostuvo que la seguridad jurídica y la existencia de reglas claras son elementos fundamentales para atraer capitales e inversiones al país. Subrayó la reciente emisión del Reglamento de la Ley de Hidrocarburos, destacando que el país acumulaba 83 años sin un reglamento que normara la ley del sector. Explicó que la elaboración del reglamento fue un trabajo conjunto entre el Ministerio de Hidrocarburos y las mesas técnicas de PDVSA, tras la promulgación de la reforma por parte de la Asamblea Nacional y la presidenta Delcy Rodríguez. Añadió que el reglamento permite aterrizar y desarrollar la aplicación práctica y diaria de la ley, definiendo claramente cómo operará el sector; brindando un terreno claro a inversionistas nacionales e internacionales. Señaló que desde 2023 la industria emprendió un proceso de reforma impulsando nuevos modelos de negocios y metodologías operacionales. Resaltó la recuperación de la capacidad del sistema de refinación de PDVSA, alcanzando actualmente los 350.000 barriles diarios. Indicó que el suministro de combustible del país se sostiene a través de más de 1.600 estaciones de servicio en todo el territorio nacional, abastecidas diariamente. Destacó la implementación del Contrato de Participación Productiva en Hidrocarburos (CPP) a partir de abril de 2024, un esquema de alianza con sectores privados que ha generado importantes rendimientos. Ejemplificó el éxito de estas alianzas estratégicas con el Campo Zamora, el cual incrementó su producción de 20.000 a más de 100.000 barriles diarios en distintos hitos operativos. Indicó que por primera vez en años no se requirió importar combustible en 2025 ni en lo que va de 2026, logrando satisfacer la demanda interna de gasolina y diésel mediante producción nacional. Mencionó la incorporación al mercado de un nuevo producto de alto octanaje, la gasolina "Super Premium", como parte del proceso de diversificación y mejora tras la recuperación del parque de refinación. Resaltó que tras más de 100 años de trayectoria petrolera, Venezuela busca ingresar con fuerza en el negocio gasífero global. Enfatizó que esta nueva etapa es posible gracias a la experiencia, pericia y antigüedad de la fuerza laboral, conformada por más de 89.000 trabajadores. Valoró el impulso otorgado a la Universidad de los Hidrocarburos para la actualización y profesionalización continua de los trabajadores. Anunció la creación del "Taladro Escuela", ubicado en la Faja Petrolífera del Orinoco, concebido como un espacio de formación práctica directamente en campo. Concluyó que el objetivo central de esta iniciativa es contar con personal altamente capacitado y actualizado bajo los más rigurosos estándares de seguridad operacional. Caracas.- 13 de agosto de 2026 [in reply to: [image only]]
Venezuela's July oil production at 1.2mn b/d
VENEZUELA OIL EXPORTS HIT FIVE-MONTH LOW • • Venezuela's crude exports fell 25% in July to 856,000 bpd, the lowest level in five months. • • The decline was driven by weaker demand from India, where imports halved as Middle Eastern oil supplies recovered following a pause in the Iran conflict. • • The U.S. and India remained Venezuela's largest buyers, while China has not imported Venezuelan crude since the removal of Nicolás Maduro from power earlier this year.
Analyst predicts double-digit growth in Venezuelan GDP by year's end. Oil production has increased from 942,000 to over 1.23 million barrels per day. Highlights include dialogue with the IMF and UN, and the Amnesty Law benefiting over 8,000 people. #teleSUR #Venezuela #Economy #29Jul
Analyst predicts double-digit growth in Venezuelan GDP by year's end. Oil production has increased from 942,000 to over 1.23 million barrels per day. Highlights include dialogue with the IMF and UN, and the Amnesty Law benefiting over 8,000 people. #teleSUR #Venezuela #Economy #29Jul
Venezuelan oil production grew 30% in 2026, surpassing one million barrels per day. Analyst Germán Márquez projects it could reach 1.4 million barrels per day by year's end if investment conditions remain favorable. #Venezuela #Oil #teleSUR #July27
Venezuelan oil production grew 30% in 2026, surpassing one million barrels per day. Analyst Germán Márquez projects it could reach 1.4 million barrels per day by year's end if investment conditions remain favorable. #Venezuela #Oil #teleSUR #July27
Venezuela is negotiating 30 hydrocarbon agreements, announced Delcy Rodríguez. Daily production: 1.2 million barrels. Year-end target: 1.4 million. "2027 will be a year of great growth," she projected. #Venezuela #Oil #teleSUR
Venezuela is negotiating 30 hydrocarbon agreements, announced Delcy Rodríguez. Daily production: 1.2 million barrels. Year-end target: 1.4 million. "2027 will be a year of great growth," she projected. #Venezuela #Oil #teleSUR
Venezuela is negotiating 30 hydrocarbon agreements, announced Delcy Rodríguez. Daily production: 1.2 million barrels. Year-end target: 1.4 million. "2027 will be a year of great growth," she projected. #Venezuela #Oil #teleSUR
Venezuela is negotiating 30 hydrocarbon agreements, announced Delcy Rodríguez. Daily production: 1.2 million barrels. Year-end target: 1.4 million. "2027 will be a year of great growth," she projected. #Venezuela #Oil #teleSUR
Delcy Rodríguez promised that revenues from new investments would be transparent to the public. Crude oil production: 1.2 million barrels per day. Food consumption grew almost 10% in May. Dialogue with the opposition: "when they lift the last sanction." #Venezuela #DelcyRodríguez #PDVSA #teleSUR
Delcy Rodríguez promised that revenues from new investments would be transparent to the public. Crude oil production: 1.2 million barrels per day. Food consumption grew almost 10% in May. Dialogue with the opposition: "when they lift the last sanction." #Venezuela #DelcyRodríguez #PDVSA #teleSUR
Venezuela's interim president: Oil production will reach 1.4 million barrels per day by the end of the year
Venezuela's interim president: Oil production will reach 1.4 million barrels per day by the end of the year
Venezuela's interim president: Oil production will reach 1.4 million barrels per day by the end of the year
Venezuela's interim president: Oil production will reach 1.4 million barrels per day by the end of the year
The death toll from the Venezuelan earthquakes has risen to 2,295, with 11,267 injured.
The death toll from the Venezuelan earthquakes has risen to 2,295, with 11,267 injured.
The death toll from the Venezuelan earthquakes has risen to 2,295, with 11,267 injured.
The death toll from the Venezuelan earthquakes has risen to 2,295, with 11,267 injured.
VENEZUELA OIL EXPORTS EDGE LOWER • • Venezuela's oil exports slipped to 1.2 million bpd in June. • • Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. • • Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms declined to 775,000 bpd.
VENEZUELA OIL EXPORTS EDGE LOWER • • Venezuela's oil exports slipped to 1.2 million bpd in June. • • Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. • • Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms declined to 775,000 bpd.
VENEZUELA OIL EXPORTS EDGE LOWER • • Venezuela's oil exports slipped to 1.2 million bpd in June. • • Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. • • Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms declined to 775,000 bpd.
VENEZUELA OIL EXPORTS EDGE LOWER • • Venezuela's oil exports slipped to 1.2 million bpd in June. • • Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. • • Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms declined to 775,000 bpd.
VENEZUELA OIL EXPORTS EDGE LOWER • • Venezuela's oil exports slipped to 1.2 million bpd in June. • • Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. • • Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms declined to 775,000 bpd.
What is this event about?
This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.