FX.co ★ Venezuela’s OPEC Oil Output Inches Up to 1.12M Barrels, Marking Modest Gain

Venezuela’s crude oil production under the OPEC framework has edged higher, with output rising from 1.10 million barrels to 1.12 million barrels, according to the latest data updated on 10 August 2026. The figures underscore a marginal but notable increase in the country’s production capacity within the cartel.

The 20,000-barrel uptick comes as market participants continue to monitor supply dynamics from key OPEC members amid ongoing uncertainty in the global energy landscape. While the increase is modest in absolute terms, even small shifts in output from traditional producers like Venezuela can influence sentiment around future supply expectations and price stability in international oil markets.