Venezuelan crude oil production has climbed to 1.136 million barrels per day in April 2026 per OPEC data—up from 823,000 bpd in January—driven primarily by U.S. sanctions relief via OFAC General License 48 in February, which expanded upstream activities, diluent imports, and Chevron's exports to 267,000 bpd. This trader consensus, backed by real capital on Polymarket, prices in further gains from reactivated rigs and $1.4 billion in anticipated PDVSA investments under new contracts, potentially reaching 1.37 million bpd by year-end amid exempt OPEC+ status. Global oil oversupply projections of 2 million bpd in 2026 temper aggressive upside, with key catalysts including May production data in upcoming EIA and IEA reports.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update$109,918 Vol.
1.1m
97%
1.2m
62%
1.3m
11%
1.4m
7%
1.5m
6%
1.7m
3%
2m
6%
$109,918 Vol.
1.1m
97%
1.2m
62%
1.3m
11%
1.4m
7%
1.5m
6%
1.7m
3%
2m
6%
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.
Binuksan ang Market: Jan 6, 2026, 11:09 PM ET
Resolver
0x65070BE91...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.
Resolver
0x65070BE91...Venezuelan crude oil production has climbed to 1.136 million barrels per day in April 2026 per OPEC data—up from 823,000 bpd in January—driven primarily by U.S. sanctions relief via OFAC General License 48 in February, which expanded upstream activities, diluent imports, and Chevron's exports to 267,000 bpd. This trader consensus, backed by real capital on Polymarket, prices in further gains from reactivated rigs and $1.4 billion in anticipated PDVSA investments under new contracts, potentially reaching 1.37 million bpd by year-end amid exempt OPEC+ status. Global oil oversupply projections of 2 million bpd in 2026 temper aggressive upside, with key catalysts including May production data in upcoming EIA and IEA reports.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update
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