Venezuela’s oil production saw a 1.09% increase in July, according to OPEC data. This builds on a significant year-to-date rise, with overall production climbing 29.8% since January. January’s production stood at 924,000 barrels per day, coinciding with increased US engagement in Caracas. Experts anticipate this upward trend in oil output will continue for the remainder of the year. The increase suggests a potential stabilization, or even recovery, within Venezuela’s crucial oil sector. Further details regarding the sustainability of this growth remain to be seen, but the current figures represent a notable shift. The report originates from TalCual news.