Market icon

Venezuela oil production >1 million barrels/day by Q1 2024?

$8,565 Vol.

50% chance

Rules

This market will resolve to "Yes" if the average daily oil production in Venezuela exceeds 1 million barrels per day in either Q4 2023 or Q1 2024. Otherwise, this market will resolve to "No".

The values considered will be the barrels/day for both Q4 2023 and Q1 2024. If either of these exceed 1 million barrels per day, this market will resolve to "Yes." Otherwise this market will resolve to "No."

The resolution source for this market will be direct communication data provided by OPEC,
(e.g. https://www.opec.org/opec_web/en/publications/338.htm + https://www.opec.org/opec_web/static_files_project/media/downloads/publications/Addendum_October%20MOMR.pdf). Any revisions made to the reported oil production after the initial data release will not impact the outcome of this market.

Another credible source will be chosen if OPEC releases do not become available.
Volume
$8,565
End Date
Mar 31, 2024
Created At
Oct 20, 2023, 4:57 PM UTC

Outcome proposed: No

No dispute

Final outcome: No

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Beware of external links.

$8,565 Vol.

Market icon

Venezuela oil production >1 million barrels/day by Q1 2024?

50% chance

About

This market will resolve to "Yes" if the average daily oil production in Venezuela exceeds 1 million barrels per day in either Q4 2023 or Q1 2024. Otherwise, this market will resolve to "No".

The values considered will be the barrels/day for both Q4 2023 and Q1 2024. If either of these exceed 1 million barrels per day, this market will resolve to "Yes." Otherwise this market will resolve to "No."

The resolution source for this market will be direct communication data provided by OPEC,
(e.g. https://www.opec.org/opec_web/en/publications/338.htm + https://www.opec.org/opec_web/static_files_project/media/downloads/publications/Addendum_October%20MOMR.pdf). Any revisions made to the reported oil production after the initial data release will not impact the outcome of this market.

Another credible source will be chosen if OPEC releases do not become available.
Volume
$8,565
End Date
Mar 31, 2024
Created At
Oct 20, 2023, 4:57 PM UTC

Outcome proposed: No

No dispute

Final outcome: No

shield

Beware of external links.