Venezuela’s Oil Output Set to Top 1.1 Million Barrels a Day in 2026

Venezuela is on track to see crude oil production climb to 1.1 million barrels per day in 2026, marking a notable step in the country’s gradual energy recovery. The increase would reflect a continued rebound in output from years of underinvestment, operational setbacks and sanctions-related constraints that have weighed heavily on the sector.

The recovery is likely to be supported by efforts to stabilize existing fields, improve exports and attract limited foreign participation in the oil industry. While production remains vulnerable to infrastructure bottlenecks and policy uncertainty, the latest trajectory suggests Venezuela could reclaim a stronger position in global supply markets next year.