Venezuela - Oil Production
Since 2014, Venezuela Oil Production decreased by 19.4% year on year. With 918.26 Thousand Barrels Per Day in 2019, the country was number 21 among other countries in Oil Production. Venezuela is overtaken by Oman, which was ranked number 20 with 970.94 Thousand Barrels Per Day and is followed by Colombia with 885.83 Thousand Barrels Per Day. United States topped the ranking with 17,044.6 Thousand Barrels Per Day in 2019, a growth of 11% compared to 2018. Saudi Arabia, Russia and Canada respectively ranked number 2, 3 and 4 in this ranking. Libya recorded the best 5 years average growth at +18.9% per year, while Venezuela was the worst growing country at -19.4% per year.
| Date | Thousand Barrels Per Day |
|---|---|
| 2019 | 918.26 |
| 2018 | 1,474.70 |
| 2017 | 2,096.04 |
| 2016 | 2,347.00 |
| 2015 | 2,630.86 |
Download all data from 1965 to 2019
How does Venezuela rank in Oil Production?
| # | 49 Countries | Thousand Barrels Per Day | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
17,044.60 | 2019 | +11.0 % | +7.6 % | View data | |
| 2 |
#2
Saudi Arabia
|
11,832.32 | 2019 | -3.5 % | +0.5 % | View data | |
| 20 |
#20
Oman
|
970.94 | 2019 | -0.8 % | +0.6 % | View data | |
| 21 |
#21
Venezuela
|
918.26 | 2019 | -37.7 % | -19.4 % | View data | |
| 22 |
#22
Colombia
|
885.83 | 2019 | +2.4 % | -2.2 % | View data | |