In its search to strengthen the oil industry, increase exports, and diversify markets, Venezuela, through Pdvsa, hopes to increase crude oil production by 30% by 2025.
This was recently announced by the Minister of Oil, Delcy Rodríguez. According to the country's vice president, Venezuelan oil…
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barrels of oil
Oil production increased to 30 million barrels per day
The Organization of the Petroleum Exporting Countries (OPEC) released its monthly report, noting that oil production has risen to 30 million barrels per day, representing an increase of 117,000 barrels per day since January. The additional…
Oil demand will exceed 100 million barrels
The International Energy Agency (IEA) expects global oil demand to grow by 1.9 million barrels per day (mb/d) in 2023, to a record 101.7 mb/d in total.
Regarding the data for 2022, the demand for crude oil by the OECD countries "collapsed"…
OPEC expects demand of 100 million barrels per day
The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…
OPEC raised oil production in April
The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its joint production of 26,000 barrels per day during the month of April, although it was still below its maximum quota, according to the monthly report…