Venezuelan Oil Price in Venezuela
Oil prices averaged USD 76.8 per barrel in 2022, compared to USD 51.3 per barrel in 2021. Over the last decade, oil prices averaged USD 57.9 per barrel.
Venezuela Brent Oil Price Chart
Venezuela Brent Oil Price Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Venezuelan Oil Price (USD per barrel) | 54.0 | 28.0 | 51.3 | 76.8 | 64.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable forecast available for Venezuelan .
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