Venezuelan crude output has climbed to approximately 1.2 million barrels per day in July 2026, up from roughly 0.94 million in late 2025, supported by sanctions relief, expanded foreign joint-venture activity, and a post-January political transition. Chevron’s Venezuelan production rose 15% in the first half of the year to 280,000 b/d, with plans to invest over $7 billion through 2030 to more than double its share, while Repsol and others pursue acreage expansions amid improved fiscal terms that cut the government take to 20–35%. High global prices have aided debt recovery for partners, though operational bottlenecks including diluent imports, aging infrastructure, and logistics constrain faster gains. Markets are pricing in continued modest growth toward year-end targets near 1.4 million b/d, tempered by the time required for new capital deployment and regulatory milestones.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$184,115 Vol.
Feb 27, 2027
1.2m
57%
1.3m
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1.4m
8%
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1.7m
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$184,115 Vol.
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$10,884 Vol.
57%
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$7,925 Vol.
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$19,774 Vol.
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$59,715 Vol.
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This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.Venezuelan crude output has climbed to approximately 1.2 million barrels per day in July 2026, up from roughly 0.94 million in late 2025, supported by sanctions relief, expanded foreign joint-venture activity, and a post-January political transition. Chevron’s Venezuelan production rose 15% in the first half of the year to 280,000 b/d, with plans to invest over $7 billion through 2030 to more than double its share, while Repsol and others pursue acreage expansions amid improved fiscal terms that cut the government take to 20–35%. High global prices have aided debt recovery for partners, though operational bottlenecks including diluent imports, aging infrastructure, and logistics constrain faster gains. Markets are pricing in continued modest growth toward year-end targets near 1.4 million b/d, tempered by the time required for new capital deployment and regulatory milestones.
This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.
Market Opened: Jan 6, 2026, 11:09 PM ET
Volume
$184,115End Date
Feb 28, 2027Market Opened
Jan 6, 2026, 11:09 PM ETResolver
0x65070BE91...This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.Venezuelan crude output has climbed to approximately 1.2 million barrels per day in July 2026, up from roughly 0.94 million in late 2025, supported by sanctions relief, expanded foreign joint-venture activity, and a post-January political transition. Chevron’s Venezuelan production rose 15% in the first half of the year to 280,000 b/d, with plans to invest over $7 billion through 2030 to more than double its share, while Repsol and others pursue acreage expansions amid improved fiscal terms that cut the government take to 20–35%. High global prices have aided debt recovery for partners, though operational bottlenecks including diluent imports, aging infrastructure, and logistics constrain faster gains. Markets are pricing in continued modest growth toward year-end targets near 1.4 million b/d, tempered by the time required for new capital deployment and regulatory milestones.
This market will resolve to “Yes”, if Venezuelan crude oil production is greater than or equal to the listed number of barrels per day for any month in 2026, according to the OPEC Monthly Oil Market Report published for each month.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.
The resolution source for this market will be the OPEC Monthly Oil Market Report, published each month in reference to the previous month at https://www.opec.org/monthly-oil-market-report.html. The relevant figure can be found in “Table 5-7 DoC crude oil production based on secondary sources, tb/d” under the column for the relevant month and the “Venezuela” row.
This market will resolve as soon as Venezuelan crude oil production is reported to be greater than or equal to the listed number. If the listed number has not been reached for any month by the release of the OPEC Monthly Oil Market Report for the reference month December 2026 (expected to be released in January 2027), this market will resolve to “No”. If no Opec Monthly Oil Market Report for the reference month December 2026 has been published by February 28, 2027, ET and the listed number has not been reached for any prior month, this market will resolve to “No”.
The resolution source for this market reports crude oil production in thousands of barrels per day. Thus, this is the level of precision that will be used when resolving this market.
Volume
$184,115End Date
Feb 28, 2027Market Opened
Jan 6, 2026, 11:09 PM ETResolver
0x65070BE91...Venezuelan crude output has climbed to approximately 1.2 million barrels per day in July 2026, up from roughly 0.94 million in late 2025, supported by sanctions relief, expanded foreign joint-venture activity, and a post-January political transition. Chevron’s Venezuelan production rose 15% in the first half of the year to 280,000 b/d, with plans to invest over $7 billion through 2030 to more than double its share, while Repsol and others pursue acreage expansions amid improved fiscal terms that cut the government take to 20–35%. High global prices have aided debt recovery for partners, though operational bottlenecks including diluent imports, aging infrastructure, and logistics constrain faster gains. Markets are pricing in continued modest growth toward year-end targets near 1.4 million b/d, tempered by the time required for new capital deployment and regulatory milestones.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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