Venezuela oil production >1 million barrels/day by Q1 2024?

Foretrace AI research

Understand the odds. Examine the reasoning.

Polymarket shows market prices. Foretrace adds AI probability estimates, opposing evidence and a price-dependent outcome or pass decision for each open market.

View a sample AI report No open markets in this event. Closed markets retain historical data.

24h volume$0

Total volume$8.6K

Liquidity$40.6

Event end date · UTCMar 31, 2024

Price history

Market probability

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Polymarket · UTC

Sampled market observations, not AI forecasts. Lines connect available observations. Legend values are current provider quotes; chart points may be older.

Outcomes & resolution rules

1 market

These are market-implied probabilities, not AI forecasts. A displayed quote may differ from the price available for your order.

ClosedMarket odds0%

Venezuela oil production >1 million barrels/day by Q1 2024?

Yes0%Polymarket estimate

No100%Polymarket estimate

Liquidity: $40.6
Deadline · UTC: Mar 31, 2024
Yes bid / ask: 0.0¢ / 100.0¢
Trading fees: Not flagged by provider

Closed market · historical data

This market is closed. Its historical data remains available.

How research works

Resolution rules

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.