All Quiet on the Venezuelan Front?

Recommended Posts

I haven't heard much news in the way of Venezuela's oil industry in the last few days, but this morning I saw that a Bloomberg survey of analysts had estimated that Venezuela's production dipped another 100,000 bpd in March. That's a HUGE drop for someone who only produces 1.58 million bpd. 

per OPEC secondary sources:

loss in Feb from Jan: 52,400 bpd

loss in Jan from Dec: 46,000 bpd

loss in Dec from Nov: 152,000 bpd

loss in Nov from Oct: 46,000 bpd

loss in Oct from Sept 26,000 bpd

Hello, death spiral.

Share this post

Link to post
Share on other sites

Socialism at it's best!

  • Like 2

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.