Venezuela’s crude oil production under the OPEC framework has inched up, with the latest reading rising to 1.13 million barrels per day (b/d), compared with 1.10 million b/d previously. The updated figure, dated 10 June 2026, signals a modest but notable increase in output from the sanctions-hit producer.
The 30,000 b/d gain underscores a gradual recovery in Venezuela’s oil sector, which remains a key variable for global crude balances closely watched by U.S.-based traders and analysts. While the increase is not large enough on its own to reshape supply dynamics, any sustained upward trend in Venezuelan production could add incremental barrels to the market and influence price expectations, particularly in a context of tight OPEC+ management of supply.
