Venezuela Targets 1.245 Million BPD Crude Output by End-August

Hyperdash News08/18/2026 19:57 UTCCommodities

Venezuela's state oil company PDVSA projects crude oil production will reach 1.245 million barrels per day by the end of August. The country also faces a natural gas deficit of 500 million cubic feet per day.

This outlook for Venezuelan energy supply comes as global oil markets monitor production levels. Venezuela has historically been a significant oil producer, and its output targets can influence supply expectations.

WTI Crude has fallen -0.08% and

Brent Crude 0.06% on Hyperdash since the news.

Sources

First Squawk

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