OPEC – Summaries of news and views OnVenezuela https://onvenezuela.com Wed, 03 Aug 2022 10:57:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png OPEC – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Venezuela’s Oil Exports Drop By More than A Third In July https://onvenezuela.com/venezuelas-oil-exports-drop-by-more-than-a-third-in-july/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-oil-exports-drop-by-more-than-a-third-in-july Wed, 03 Aug 2022 10:57:21 +0000 https://onvenezuela.com/?p=15458

Venezuela’s crude oil industry has been suffering for years due to a lack of maintenance and investment, in-country chaos, and U.S. sanctions. In July, power outages disrupted the state-run oil company’s operations, dragging the country’s oil exports down by 27% from June levels to just 460,323 barrels per day of crude and refined products, according to Reuters. That’s a 38% drop from July 2021 levels.According to OPEC’s latest MOMR, Venezuela’s crude production fell to 706,000 barrels per day in June, according to secondary sources, with only three rigs in operation, compared to the 25 rigs in 2019. By Julianne Geiger. Full Text -> OilPrice

Traducción de cortesía -> La industria del petróleo crudo de Venezuela ha estado sufriendo durante años debido a la falta de mantenimiento e inversión, el caos interno y las sanciones de Estados Unidos. En julio, los cortes de energía interrumpieron las operaciones de la compañía petrolera estatal, lo que redujo las exportaciones de petróleo del país en un 27% desde los niveles de junio a solo 460,323 barriles por día de crudo y productos refinados, según Reuters. Esa es una caída del 38% desde los niveles de julio de 2021. Según el último MOMR de la OPEP, la producción de crudo de Venezuela cayó a 706.000 barriles por día en junio, según fuentes secundarias, con solo tres plataformas en operación, en comparación con las 25 plataformas en 2019.

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OPEC would miss ‘friend Trump’, wary of strains under Biden, sources say https://onvenezuela.com/opec-would-miss-friend-trump-wary-of-strains-under-biden-sources-say/?utm_source=rss&utm_medium=rss&utm_campaign=opec-would-miss-friend-trump-wary-of-strains-under-biden-sources-say Mon, 09 Nov 2020 12:24:16 +0000 https://onvenezuela.com/?p=6462

Strict enforcement of U.S. sanctions on Iran and Venezuela has kept millions of barrels of oil per day off the market, and if Biden should relax measures on either in years to come an increase in production could make it harder for OPEC to balance supply with demand. By Alex Lawler and Rania El Gamal. Full Text -> The Gradian

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Venezuela Looks To Play Mediator Between OPEC And Russia https://onvenezuela.com/venezuela-looks-to-play-mediator-between-opec-and-russia/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-looks-to-play-mediator-between-opec-and-russia Fri, 13 Mar 2020 13:09:56 +0000 https://onvenezuela.com/?p=2016

Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, according to Russian news agency TASS. By Julianne Geiger. Full text-> Oil Price

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