Venezuela Oil Production at 1.07 Million Barrels per Day
Venezuela produces 1.07 million barrels of crude oil per day. This accounts for 4.9% of total OPEC production.
Production
Production month: 2026-06
Report published: 2026-07
of OPEC Total
vs Last Year
About Venezuela
Holds world's largest proven oil reserves but constrained by sanctions
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Venezuela Oil Production FAQ
Venezuela currently produces 1.07 million barrels per day of crude oil, representing 4.9% of total OPEC output.
Yes, Venezuela is a full member of OPEC (Organization of the Petroleum Exporting Countries). Holds world's largest proven oil reserves but constrained by sanctions
Venezuela's quota information is currently not available or the country is exempt from production quotas.