Venezuela's crude oil production has surged to 1.1 million barrels per day (bpd) in March 2026, up from 942,000 bpd in February, propelled by U.S. sanctions relief—including a March 18 general license authorizing PDVSA transactions—and a reformed hydrocarbons law enabling greater private sector involvement from Chevron and Shell. This marks a 30-40% year-to-date gain amid global supply strains from Middle East tensions, with trader consensus on Polymarket reflecting optimism for further ramp-up backed by projected $1.4 billion in fresh investments. However, legacy infrastructure decay and political risks cap near-term potential below historical 3 million bpd peaks; watch April OPEC data and Q2 earnings from majors for output trajectory signals toward year-end thresholds.
Résumé expérimental généré par IA à partir des données Polymarket · Mis à jour$34,048 Vol.
1 million
85%
1,1 million
72%
1,2 million
38%
1,3 million
28%
1,4 million
13%
1,5 million
11%
1,7 million
7%
2 millions
5%
$34,048 Vol.
1 million
85%
1,1 million
72%
1,2 million
38%
1,3 million
28%
1,4 million
13%
1,5 million
11%
1,7 million
7%
2 millions
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.
Marché ouvert : 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 1.1 million barrels per day (bpd) in March 2026, up from 942,000 bpd in February, propelled by U.S. sanctions relief—including a March 18 general license authorizing PDVSA transactions—and a reformed hydrocarbons law enabling greater private sector involvement from Chevron and Shell. This marks a 30-40% year-to-date gain amid global supply strains from Middle East tensions, with trader consensus on Polymarket reflecting optimism for further ramp-up backed by projected $1.4 billion in fresh investments. However, legacy infrastructure decay and political risks cap near-term potential below historical 3 million bpd peaks; watch April OPEC data and Q2 earnings from majors for output trajectory signals toward year-end thresholds.
Résumé expérimental généré par IA à partir des données Polymarket · Mis à jour
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