venezuela oil production line on the brink of collapse in Malawi
Oil production declined for more than a decade, and more recently, since 2016, it collapsed; this being one of the key drivers of the economic catastrophe facing the country. Production peaked at 3.4 million
Venezuela's crude oil production has fallen from about 3.2 million b/d in 2000 to 735,000 b/d in September 2025 , making it the 10th-largest producer in OPEC despite its significant oil reserves. U.S. crude oil imports
