Enverus: Venezuela To Increase Oil Output 50% By 2035

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Enverus predicts Venezuela's oil production to increase 50% by 2035, potentially tripling to 3 million barrels per day, with minimal impact on global markets due to the release of 30-50 million barrels to the U.S.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Industry consultant Enverus has predicted that Venezuela will increase oil production 50% and hit 1.5 million barrels a day by 2035 following the capture of long-time leader Nicolas Maduro by the Trump administration. In its most bullish scenario, Enverus envisions Venezuela’s production tripling to 3 million barrels per day over the next decade. However, Enverus has predicted that the 30-50 million barrels that Trump ordered Venezuela to relinquish to the U.S. will not have a major impact on global markets. “Even with accelerated…

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Original article published by OilPrice.com on January 14, 2026.
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