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Venezuela’s crude output at 28-year low… OPEC/Reuters

You are here: Home / Uncategorized / Venezuela’s crude output at 28-year low… OPEC/Reuters

November 15, 2017 by Jim Colburn Leave a Comment

Here is Reuters:

”Oil-dependent Venezuela’s crude output dipped last month below 2 million barrels per day, its lowest level in nearly three decades, global producer group OPEC said on Monday.”

Here is a table of OPEC oil production from OPEC’s Monthly Oil Market Report:

October production for Venezuela was 1.863 mbd which is down almost 300,000 bd from all of 2016…

 

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Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

 


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