Will Venezuelan crude oil production reach __ barrels per day in 2026?1.2m
Open$11Kas of
Odds now
The market prices a 74% chance that this market resolves YES, as of .
YES74¢
NO27¢
as of
What moved the odds?
20 AI-matched news signals on this market, newest first. Entry price is the called side when the news hit; the signed return marks it against the live price as of .
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 July oil production at 1.2mn b/d
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
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's oil production continues after a powerful earthquake Venezuela's oil minister announced the continuation of oil production despite two earthquakes of more than 7 on the Richter scale in the country. Venezuela's oil minister, in a radio interview, announced that crude oil production is generally 1 million 200 thousand barrels per day, and said that the country's authorities are evaluating fuel storage, however, gas and gasoline are being supplied to the people. shana.ir/news/2256378 @Shananewsroom
Venezuela's oil production was unaffected by Wednesday's two earthquakes, with total output currently at 1.2 million barrels per day, Hydrocarbons Minister Paula Henao said. "We are operating normally," Henao told state radio. "All our wells are active; we are producing."
Venezuela’s oil production was unaffected by the two earthquakes that struck on Wednesday, with overall output currently standing at 1.2 million barrels per day, said Energy Minister Paula Henao. “We are operating under normal conditions,” Henao told the state radio network. “All of our wells are active, and we are producing.”
REUTERS NEXT-Venezuela oil exports could rise to 2 mln bpd during this administration, US Energy Secretary says
YESReuters99%match66¢+12%
Reuters Next-U.S. Energy Secretary Wright Says Expects to Be Able to Raise Venezuela Oil Exports to 2 Million Barrels Per Day During This Administration
#InPictures|| In commemoration of Lawyers' Day, the Third Legal Update Conference was held in the Simón Bolívar Hall at PDVSA La Campiña, a key space for debate and strengthening the knowledge of our workforce. The president of Petróleos de Venezuela, S.A., Héctor Obregón, led the closing of the event, recognizing the historical and strategic role of hydrocarbon law professionals in the evolution of the industry. Obregón also highlighted the resilience of the legal team in the face of more than a thousand unilateral coercive measures imposed against the country since 2014. He emphasized that, thanks to legal ingenuity and tools such as the Anti-Blockade Law, innovative strategies were developed that allowed for significant milestones in the sector between 2023 and 2025, including: -A 26% increase in cumulative production, reaching 1,200,000 bpd in 2025. - Drafting of 31 Production Participation Contracts, attracting $900 million in investment. - Recovery of 21% of refining processing capacity, guaranteeing national fuel with 100% sovereign production. - Successful export of 309 million barrels under favorable international contracts. The event concluded with explicit recognition of the tenacity, perseverance, and technical expertise of the industry's legal team.
Oil Minister: We have decided to continue producing crude oil at a level of 1.4 million barrels per day.
YESfirstsquawk98%match51¢+45%
CHEVRON HAS AGREED TO PRELIMINARY TERMS TO EXPAND OUTPUT IN THE ORINOCO BELT, WHILE SHELL IS WORKING ON PRELIMINARY DEALS TO DEVELOP OIL AND GAS FIELDS IN THE MONAGAS NORTH REGION.
YESlrozen98%match51¢+45%
Drop from 4.3 million bod to 1.2 million bpd
NOfirstsquawk98%match50¢-48%
EIA: DOES NOT EXPECT OPEC+ TO SIGNIFICANTLY INCREASE PRODUCTION NEXT YEAR GIVEN ESTIMATES OF SIGNIFICANT INVENTORY BUILDS OVER THE FORECAST PERIOD
YESFirst Squawk98%match25¢+196%
OPEC+ IS CONSIDERING LARGER OIL OUTPUT HIKE OF AS MUCH AS 411,000 BPD - TWO SOURCES CLOSE TO OPEC+ SAY
YESCGTN America99%match13¢+469%
[Replying to @cgtnamerica] U.S. ENERGY SECRETARY CHRIS WRIGHT: WE DO NOT NEED A NET ZERO SCENARIO BY THE INTERNATIONAL ENERGY AGENCY > U.S. ENERGY SECRETARY CHRIS WRIGHT: I THINK YOU'LL SEE SEVERAL HUNDRED THOUSAND BARRELS PER DAY OF ADDITIONAL VENEZUELAN OIL PRODUCTION BY YEAR-END
YESCGTN America99%match13¢+469%
[Replying to @cgtnamerica] U.S. ENERGY SECRETARY CHRIS WRIGHT: WE ARE NOT SATISFIED YET BY THE CHANGES AT THE INTERNATIONAL ENERGY AGENCY > U.S. ENERGY SECRETARY CHRIS WRIGHT: I THINK YOU'LL SEE SEVERAL HUNDRED THOUSAND BARRELS PER DAY OF ADDITIONAL VENEZUELAN OIL PRODUCTION BY YEAR-END
YESCGTN America98%match13¢+469%
U.S. ENERGY SECRETARY CHRIS WRIGHT: I THINK YOU'LL SEE SEVERAL HUNDRED THOUSAND BARRELS PER DAY OF ADDITIONAL VENEZUELAN OIL PRODUCTION BY YEAR-END
Where does the news lean?
30YES12NO7neutraltrailing 24h
Average match confidence across the listed signals: 98%.
What would make this resolve YES?
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.
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