The Executive Vice President of the Republic, Delcy Rodríguez, reported that oil production in Venezuela is normal and is following the plan outlined for increased production in various fields.
The official, also Minister of Hydrocarbons, stated through her Telegram channel that the state-owned…
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production increase
Oil production in Venezuela increased 43 % in six months
Oil production in Venezuela went from 630,000 barrels per day to more than 850,000 since January 2023. This was reported by the president of PDVSA and Minister for Oil, Pedro Tellechea.
The figures indicated by the Venezuelan official…
Oil demand will exceed pre-pandemic levels
Global oil demand will exceed the level before the Covid-19 pandemic until 2023, according to the International Energy Agency (IEA), which estimates that world crude oil consumption will reach 101.6 million barrels per day (mb /d).
In its…
OPEC will increase its oil supply in June
The Organization of Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, decided to increase their joint crude oil production by 432,000 barrels per day starting next June, they reported in a statement.
At the end…