December 11, 2025 - Oil prices averaged USD 65.3 per barrel in 2024, compared to USD 64.4 per barrel in 2023.

The World Oil Outlook (WOO) 2025 provides a comprehensive and forward-looking assessment of the global oil industry, offering key insights into supply and demand dynamics, investment trends, and policy developments shaping the energy future. Produced annually, the WOO serves as a vital reference ...

1 week ago - Only later would the revenue be used to compensate U.S. oil companies for their claims against Venezuela, he said. But investors remain wary. So far this week, shares of Exxon Mobil and Chevron have fallen more than 5 percent, while ConocoPhillips’s stock price has slipped more than 7 percent.

1 day ago - Washington has completed its first sale of Venezuelan oil valued at about $500 million, according to a U.S. Department of Energy spokesperson, with more expected in the coming days and weeks.

November 21, 2025 - Treasury Secretary Scott Bessent has said the United States is experiencing economic benefits as a result of President Donald Trump's peace deals, and that oil prices could fall further if "something happens down in Venezuela."

Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government

1 day ago - The price of oil is so low, in fact, that pulling more of the sticky, heavy Venezuelan crude out of the ground in the Orinoco belt has become uneconomical. According to Wood MacKenzie, Brent crude would have to cost at least $80 a barrel to justify ...

December 15, 2025 - Home > Countries/Regions > Venezuela > Venezuela Crude Oil: Production · 2002 - 2025 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries · .OPEC.CO: Crude Oil Production: OPEC Members: Monthly [COVID-19-IMPACT] max 1y 5y 10y · bar · line ·

1 day ago - That’s when a worldwide economic downturn took global oil prices below $10 per barrel at the same time as the Venezuelan public’s growing interest in reasserting local control of the country’s oil industry ushered in populist President ...

2 days ago - This reduced the geopolitical risk premium that had been supporting oil prices. Later, in an exclusive interview with Reuters, the president expressed doubts over whether Reza Pahlavi, the son of the former shah of Iran, would be able to garner support in the country. With the geopolitical risk premium subsiding somewhat, traders could focus on bearish fundamentals, with U.S. crude inventories climbing by more than analysts expected last week. It is also looking increasingly likely that Venezuela's oil supply is set to return to markets, with the U.S.

2 days ago - Yet Venezuela’s oil output could swell twice as much under Enverus’s best-case scenario, to hit 3 million barrels daily in 2035. That, however, would depend on global demand and supply balances. By Charles Kennedy for Oilprice.com · More Top Reads From Oilprice.com · Oil Prices Plunge 3% as Trump Plays Down Prospect of War With Iran ·

2 days ago - Exxon shares dipped in early trading, ... in crude prices from recent peaks. Headlines were driven by Venezuela-related refinery feedstock issues and the cancellation of a UK gas asset sale. Investors are bracing for Exxon’s quarterly earnings set to drop later this month. Exxon Mobil Corp shares slipped Thursday morning, following a broader retreat in oil-related ...

1 day ago - There is one way to see indirect downward pressure on prices. Canada is by far the largest foreign supplier of crude oil to the U.S., but the more cheap crude oil from Venezuela in the U.S. market, the more Canada will have to compete, Brito says.

Crude Oil Production in Venezuela decreased to 1120 BBL/D/1K in December from 1142 BBL/D/1K in November of 2025. This page provides the latest reported value for - Venezuela Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, ...

2 weeks ago - Patrick De Haan, head of petroleum analysis at GasBuddy, wrote on X: “Bottom line, on VZ [Venezuela], strictly from an oil lens: not expecting a major impact to oil prices rn [right now]- this doesn’t change much in the short term as VZ’s output has been hamstrung for years, but could in the years ahead depending on many factors like regime stability, etc., eventually lead to a resurgence in VZ’s oil output & could have a larger impact on prices.”

1 day ago - Even though Venezuela has ample oil reserves, turning it into usable gasoline or diesel would take major infrastructure changes, which requires time and significant investment. For consumers, those factors mean that any impact on U.S. gas prices would be limited and slow to surface.

2 days ago - Traders have reacted to U.S. President Donald Trump’s unexpected capture of Venezuelan leader Nicolás Maduro and the administration’s renewed push to revive Venezuela’s oil industry, which has lifted hopes of expanded operations and exports for U.S.

1 week ago - "Trump wants this to happen early so he can say it is a big win," an oil industry source said. Venezuelan government officials and PDVSA did not provide comment. U.S. crude prices fell more than 1.5% after Trump's announcement, with the agreement expected to increase the volume of Venezuelan oil exported to the U.S.

1 week ago - Returning Venezuela’s crude production to 3m barrels of oil a day would require 16 years of work and investment totalling $185bn (£137bn), according to figures from Rystad Energy, a global consultancy.