Primary sources from the Organization of the Petroleum Exporting Countries (OPEC) report that Venezuela’s oil production averaged 1.201 million barrels per day in August 2026. This increase occurs within a commercial reactivation environment, bolstered by energy agreements with the United States and international firms. The report indicates positive developments in Venezuela’s oil sector. This production level represents a notable shift for Venezuela's oil industry. The data comes directly from OPEC's primary reporting sources. This increase signals potential changes in the global energy market, particularly concerning Venezuela's role in it.