EnergyReader · 2026-08-03 19:14

Big Oil Defers on Venezuela as Post-Maduro Output Creeps Higher Without Investment Deals

By EnergyReader Newsroom · August 3, 2026

Venezuela's crude output has climbed to roughly 1.07 million barrels per day, up from about 937,000 a year earlier, according to reporting published Monday (2026-08-03). Seven months after Nicolás Maduro's removal from power in early January 2026, that gain is the most concrete result of a political transition that once generated considerable investor anticipation. The investment commitments have not followed.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

Connected coverage Stories linked to Venezuela through the market graph: same hub, spread, route or driver.

ULSD Front-Month Drops 1.4% as Soft Demand Offsets Decade-Low Cushing Stocks 1m ago · ULSD same desk Canadian Oil Sands Producers Advance West Coast Pipeline Alongside CCS Push 1h ago · Canada same desk Saudi Arabia Partially Restores East-West Pipeline as Asian Refiners Seek Loading Clarity 1h ago · Saudi Arabia same desk Alberta's Royalty Push Runs Ahead of a Pipeline Still on Paper 1h ago · United Kingdom same desk Standard Chartered Sees Sustained Oil Floor as Hormuz Flows Collapse to Below 2 Million Barrels a Day 2h ago · Strait of Hormuz same desk Saudi Arabia Targets Domestic Uranium From Phosphate Processing as US Enrichment Deal Takes Shape 3h ago · Saudi Arabia same desk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

Crude Oil