July 29, 2024

‘Zero barrels conceivable’: Venezuela oil output slumps to lowest level in decades

Courtesy of El Nacional

However, consultancy IHS Markit has estimated that production in Venezuela is already down to between 100,000 bpd and 200,000 bpd, and continues to fall. “It is now conceivable that the country could soon be producing zero barrels, or very close to it,” IHS wrote in a report. By Fabio Palmigiani. Full Text-> Upstream

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