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Venezuela’s National Oil Company on Its Last Legs… OilPrice.com

You are here: Home / Uncategorized / Venezuela’s National Oil Company on Its Last Legs… OilPrice.com

July 19, 2017 by Jim Colburn Leave a Comment

From Luis Colasante, at OilPrice.com:

“In the last ten years, Venezuela crude oil production has lost more than 500 thousand barrels per day. Since the beginning of 2017, the country has lost 92 thousand barrels per day. Between May and June 2017, Venezuela’s oil crude production has decreased from 1,951 to 1,938 million barrels per day, representing 13 thousand barrels lost in one month, based on the secondary sources used by OPEC.”

 

 

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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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