Venezuela's national oil company (PDVSA) has announced that by the end of this month, the country's daily crude oil production will reach 1.245 million barrels. As a major global oil reserve country, Venezuela's recovery in oil production capacity will provide crucial support for the revival of its domestic oil industry and improvement of fiscal revenues, and will also have some impact on the global oil market supply and demand landscape.

Venezuela's national oil company (PDVSA) has announced that by the end of this month, the country's daily crude oil production will reach 1.245 million barrels. As a major global oil reserve country, Venezuela's recovery in oil production capacity will provide crucial support for the revival of its domestic oil industry and improvement of fiscal revenues, and will also have some impact on the global oil market supply and demand landscape.

智通财经2026/08/18 19:46

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The Venezuelan state oil company PDVSA has announced that by the end of this month, the country’s daily crude oil production will rise to 1.245 million barrels. As a major global crude oil reserves holder, the recovery of Venezuela’s oil production capacity will play a key role in supporting the revitalization of its domestic oil industry and improving fiscal revenue, and will also impact, to some extent, the international crude oil market’s supply and demand dynamics.

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