Venezuela's crude oil production has surged to an average of 1.1 million barrels per day (bpd) in March 2026, up from 942,000 bpd in February, driven primarily by U.S. sanction relief including a March 18 general license authorizing transactions with state oil firm PDVSA and expanded operations for majors like Chevron, Repsol, and ENI. This policy shift has spurred foreign investment inflows, resumed diluted crude exports after a 15-month halt, and reversed years of underinvestment amid infrastructure decay and diluent shortages for heavy grades. EIA forecasts output could approach pre-sanction peaks near 1.5 million bpd by mid-2026 if investments materialize, though Capital Economics cautions significant near-term gains remain constrained by operational hurdles. Traders eye OPEC monitoring and quarterly PDVSA disclosures for sustained momentum into year-end.
Experimentelle KI-generierte Zusammenfassung mit Polymarket-Daten · Aktualisiert$34,006 Vol.
1 Mio.
84%
1,1 Mio.
72%
1,2 Mio.
38%
1,3 Mio.
27%
1,4 Mio.
13%
1,5 Mio.
11%
1,7 Mio.
7%
2 Mio.
5%
$34,006 Vol.
1 Mio.
84%
1,1 Mio.
72%
1,2 Mio.
38%
1,3 Mio.
27%
1,4 Mio.
13%
1,5 Mio.
11%
1,7 Mio.
7%
2 Mio.
5%
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.
Markt eröffnet: Jan 6, 2026, 11:09 PM ET
Resolver
0x65070BE91...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.
Resolver
0x65070BE91...Venezuela's crude oil production has surged to an average of 1.1 million barrels per day (bpd) in March 2026, up from 942,000 bpd in February, driven primarily by U.S. sanction relief including a March 18 general license authorizing transactions with state oil firm PDVSA and expanded operations for majors like Chevron, Repsol, and ENI. This policy shift has spurred foreign investment inflows, resumed diluted crude exports after a 15-month halt, and reversed years of underinvestment amid infrastructure decay and diluent shortages for heavy grades. EIA forecasts output could approach pre-sanction peaks near 1.5 million bpd by mid-2026 if investments materialize, though Capital Economics cautions significant near-term gains remain constrained by operational hurdles. Traders eye OPEC monitoring and quarterly PDVSA disclosures for sustained momentum into year-end.
Experimentelle KI-generierte Zusammenfassung mit Polymarket-Daten · Aktualisiert
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