Venezuela Oil Production Tops One Million Barrels Again

2026-03-12 - 13:23

Key Points — Venezuela pumped an average of 1.021 million barrels per day in February, a 10.5% jump from January’s 924,000 bpd and the largest month-over-month increase among all OPEC members, according to the cartel’s latest report. — The rebound follows a sweeping reform of the Organic Hydrocarbons Law — approved unanimously by the chavista-controlled