Venezuela's Crude Oil Production Falls to 0.93 Million Barrels, Hits Lowest Level in Five Years

In a trend that economists and energy sector analysts have been closely monitoring, Venezuela's crude oil production has declined to 0.93 million barrels, according to the latest data updated on November 4, 2025. This marks a slight decrease from the previous month's figure of 0.95 million barrels, which was already considered low by historical standards.

Venezuela, once a major player within the OPEC framework, has been struggling to maintain output levels amid ongoing economic challenges and infrastructure constraints. The recent decline underscores the persistent difficulties the nation faces in boosting production amid geopolitical tensions and internal economic disturbances that have hindered operational capacities.

The falling output from Venezuela could have broader implications for global oil markets, particularly for countries like the United States, which have been adjusting to fluctuating supplies. As the oil-producing landscape continues to shift, the shortfall may prompt the United States and other importing nations to seek alternative sources or bolster domestic production to mitigate potential impacts on oil prices and energy security.

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