CommoVision

See the future in real time

Venezuela

Venezuela produced 355.0 MMbbl of oil in 2025.

  • Fifth-largest oil-producing country in the Americas, 2025.
  • 3.5% of the oil produced in the Americas, 2025.
  • Oil production rose 12% in 2025 from 2024.

Production

Oil production (Mbbl/d, annual average)Latest: 973, 2025
Oil production: thousand barrels per day, annual average 2,000 4,000 Mbbl/d 19801990200020102020 1973: 3,366 Mbbl/d 1974: 2,976 Mbbl/d 1975: 2,346 Mbbl/d 1976: 2,294 Mbbl/d 1977: 2,238 Mbbl/d 1978: 2,165 Mbbl/d 1979: 2,356 Mbbl/d 1980: 2,168 Mbbl/d 1981: 2,102 Mbbl/d 1982: 1,895 Mbbl/d 1983: 1,801 Mbbl/d 1984: 1,714 Mbbl/d 1985: 1,677 Mbbl/d 1986: 1,787 Mbbl/d 1987: 1,752 Mbbl/d 1988: 1,903 Mbbl/d 1989: 1,907 Mbbl/d 1990: 2,137 Mbbl/d 1991: 2,375 Mbbl/d 1992: 2,334 Mbbl/d 1993: 2,305 Mbbl/d 1994: 2,443 Mbbl/d 1995: 2,752 Mbbl/d 1996: 2,938 Mbbl/d 1997: 3,182 Mbbl/d 1998: 3,119 Mbbl/d 1999: 2,785 Mbbl/d 2000: 2,894 Mbbl/d 2001: 2,807 Mbbl/d 2002: 2,435 Mbbl/d 2003: 2,303 Mbbl/d 2004: 2,564 Mbbl/d 2005: 2,840 Mbbl/d 2006: 2,785 Mbbl/d 2007: 2,820 Mbbl/d 2008: 2,510 Mbbl/d 2009: 2,520 Mbbl/d 2010: 2,410 Mbbl/d 2011: 2,500 Mbbl/d 2012: 2,500 Mbbl/d 2013: 2,500 Mbbl/d 2014: 2,500 Mbbl/d 2015: 2,489 Mbbl/d 2016: 2,254 Mbbl/d 2017: 1,997 Mbbl/d 2018: 1,486 Mbbl/d 2019: 878 Mbbl/d 2020: 527 Mbbl/d 2021: 595 Mbbl/d 2022: 724 Mbbl/d 2023: 771 Mbbl/d 2024: 863 Mbbl/d 2025: 973 Mbbl/d

Interactive chart. Focus it and use the left and right arrow keys to read each period, Page Up and Page Down for bigger steps, Home and End for the ends of the series. The full figures are also in the table on this page.

All from what the source published. All held at national grain.

How the volume breaks down
  • 100% Reported by the official source as a lease, facility, field or state total. Published without per-well detail.

Every barrel here starts from what the official source published for the months measured. Measured over January 1973 to May 2026.

Gas figures for Venezuela stopped arriving after December 2024. The charts hold every month of its gas back until the feed is repaired. Its oil keeps arriving and stays in view.

Held at national grain: the chart draws the total as one series.

About this chart

Splitting it into bands by the year each well started takes volumes at well grain.

Annual table (full history)

best estimate incl. unsplit totals

YearOil (MMbbl)Gas produced (Bcf)
2025355.0—
2024316.0—
2023281.2—
2022264.1—
2021217.1—
2020192.9—
2019320.3—
2018542.3—
2017729.1—
2016825.1—
2015908.7—
2014912.5—
2013912.5—
2012915.0—
2011912.5—
2010879.7—
2009919.8—
2008918.7—
20071,029.2—
20061,016.5—
20051,036.4—
2004938.4—
2003840.8—
2002888.9—
20011,024.5—
20001,059.1—
19991,016.5—
19981,138.6—
19971,161.6—
19961,075.2—
19951,004.6—
1994891.7—
1993841.3—
1992854.2—
1991866.9—
1990779.9—
1989696.0—
1988696.5—
1987639.5—
1986652.3—
1985612.2—
1984627.4—
1983657.3—
1982691.6—
1981767.2—
1980793.6—
1979859.9—
1978790.2—
1977816.9—
1976839.7—
1975856.2—
19741,086.3—
19731,228.6—

— means no figure is published for that period.

Source: CommoVision (commovision.com)

Monthly table (last 24 months)
MonthOil (Mbbl)Gas produced (MMcf)
2026-0535,960.0—
2026-0433,000.0—
2026-0332,860.0—
2026-0227,440.0—
2026-0125,730.0—
2025-1229,605.0—
2025-1130,150.0—
2025-1031,155.0—
2025-0930,000.0—
2025-0830,845.0—
2025-0730,380.0—
2025-0629,400.0—
2025-0530,070.0—
2025-0428,800.0—
2025-0329,450.0—
2025-0226,320.0—
2025-0128,830.0—
2024-1227,590.0—
2024-1125,500.0—
2024-1028,210.0—
2024-0927,000.0—
2024-0827,590.0—
2024-0726,970.0—
2024-0625,800.0—

— means no figure is published for that period.

Source: CommoVision (commovision.com)

Source: CommoVision · Venezuela, data through May 2026.

1,160 Mbbl/d May 2026 oil production +19.6% vs May last year best estimate incl. unsplit totals
972.6 Mbbl/d 2025 oil production best estimate incl. unsplit totals
3.5 % Share of Americas oil (2025)

What each region has actually reported

Venezuela: every reporting region we publish, largest first. What it has reported and how far it is complete. Rates are for each region's newest complete month, so they are comparable across regions even though the months differ.

RegionOil (Mbbl/d)Gas produced (MMcf/d)Complete throughNewest month reported
Venezuela 1,160.0—2026-052026-05

What we cover here

Each row names the grain a region’s production is held at. Where a source publishes at a coarser grain, the page says so.

DataGrainSinceBenchmark
Venezuela production national total 1973-01 —

Coverage rows for Venezuela are regenerated at every build from the same catalog of sources the data is built from.

What the data shows

  • Venezuela produced 355.0 MMbbl of oil in 2025.
  • Venezuela oil production peaked in 1973 at 1.23 Bbbl; 2025 output of 355.0 MMbbl ran at 29% of that peak.
  • Venezuela production is published as national monthly totals. Those totals are the figures on this page.

Start a free trial

Watch supply move as soon as its sources publish, with forecasts on 1.1+ million producing wells. The portal is open, with a real API and MCP access for AI tools.

What the trial includes

Data use is subject to our Terms of Service.