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Venezuelan oil production headed for a steep decline category
June 13, 2018
Source: Oil Price

Venezuelan oil production headed for a steep decline

According to GlobalData, a leading data, and analytics company, Venezuelan crude production is for all intents and purposes dropping at an average of 10% each quarter and thus, would tumble to around 1 million bpd before the end of this year. Venezuela has spread a word of caution to eight global clients about the inability of delivering crude oil in June and declaring force majeure in case the contract terms are not complied with.

   Read More About : DOWNSTREAM Venezuela Crude Supply
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