Venezuela’s crude oil production declines amid economic instability

Published 13 March 2018

Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased from 2.3 million barrels per day (b/d) in January 2016 to 1.6 million b/d in January 2018.

Source: Today in Energy – Venezuela’s crude oil production declines amid economic instability

AdvertisingEKA Next-Gen Commodity Analytics