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Venezuela’s Oil Production is Collapsing… WSJ

You are here: Home / Uncategorized / Venezuela’s Oil Production is Collapsing… WSJ

January 18, 2018 by Jim Colburn Leave a Comment

More bad news for Venezuela… Here is the Wall Street Journal:

“Production fell 216,000 barrels a day to 1.6 million in a month to December, the 15th consecutive monthly decline, according to data reported by Venezuelan government to the Organization of the Petroleum Exporting Countries released Thursday. During 2017 as a whole, Venezuelan output fell 649,000 barrels a day, a decline of 29%.”

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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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