Market question: Venezuela oil production >1 million barrels/day by Q1 2024?
Category: Politics
Tags: Venezuela, economy1, energy industry, oil production, forecasting, Politics, All

This market will resolve to "Yes" if the average daily oil production in Venezuela exceeds 1 million barrels per day in either Q4 2023 or Q1 2024. Otherwise, this market will resolve to "No". 

The values considered will be the barrels/day for both Q4 2023 and Q1 2024. If either of these exceed 1 million barrels per day, this market will resolve to "Yes." Otherwise this market will resolve to "No."

The resolution source for this market will be direct communication data provided by OPEC, 
(e.g. https://www.opec.org/opec_web/en/publications/338.htm + https://www.opec.org/opec_web/static_files_project/media/downloads/publications/Addendum_October%20MOMR.pdf). Any revisions made to the reported oil production after the initial data release will not impact the outcome of this market. 

Another credible source will be chosen if OPEC releases do not become available.

Outcome: No