Venezuela's Oil Boom: 1 Million Barrels a Day and Counting

Venezuela's Oil Production Surpasses One Million Barrels Daily, Marking 16 Consecutive Quarters of Growth CARACAS, VENEZUELA – Venezuela's oil industry has achieved a significant milestone, surpassing one million barrels of daily production. This remarkable feat marks sixteen consecutive quarters of economic growth and recovery, solidifying the nation's position in the global energy market. President Nicolás Maduro recently commented on this success, stating, "Venezuela does not require licenses to boost its oil industry." This statement underscores the country's determination to strengthen its economy independently. The government's proactive approach includes sending a letter to OPEC+ to further refine strategies for maintaining market stability and attracting investment. The consistent growth signals a positive trend for Venezuela's economic future. Further details on the letter sent to OPEC+ are expected to be released soon.