Venezuela’s oil production is currently at just 30% of the levels seen 15 years ago.

Shocking stat of the day:

Venezuela’s oil production is currently at just 30% of the levels seen 15 years ago.

We could easily see another 3 million barrels of oil hit the market per day.

That’s more than the daily consumption of all but 6 countries in the world. pic.twitter.com/lCbUHhpNon

— The Kobeissi Letter (@KobeissiLetter) January 3, 2026