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 production is mainly attributed to increased oil extractions…
Read More...
Browsing Tag
production
Chevron could recover around 100,000 barrels a day in six months
Chevron could be able to recover about 100,000 barrels a day in six months, according to Antero Alvarado, managing partner of Gas Energy Latin America in Venezuela.
After Chevron received limited authorization to resume oil extraction in…
Volkswagen starts production of the electric ID.4 in the United States
The Volkswagen group has started production of its ID.4 electric compact SUV in Chattanooga in the state of Tennessee, becoming the company's first electric vehicle assembled in the United States, the company said in a statement.
The…
PDVSA revenues exceed 69 % between January and May 2022
Between January and May 2022, Petróleos de Venezuela (PDVSA) has obtained revenues of more than 6,100 million dollars, equivalent to more than 69 % of the financial resources that entered the Treasury of the state company during the same…
Venezuelan cocoa farmers will increase production to 60,000 tons
The Venezuela Committee of the World Farmers Organization, together with the Barlovento Cocoa Conglomerate and the National Trade Union Coalition, estimate that cocoa production in the country will gradually increase to 60,000 tons within…
Venezuelan oil exports drop in April
Venezuela registered an average oil production of 420,000 barrels per day in April, some 410,000 barrels per day less than the goal established by PDVSA, which projected some 830,000 barrels per day of production for last month.
According…
German businessmen demand energy from renewable sources
The president of the Association of German Chambers of Industry and Commerce (DIHK), Peter Adrian, called for the measures planned by the German government to expand the production of electricity from renewable sources to be improved and…
Venezuela will produce a maximum of one million oil barrels per day
The economist and oil expert Rafael Quiroz pointed out that the most Venezuela could produce this year is one million barrels per day. In his opinion it is "impossible" for the country to produce 2,000,000 barrels of crude oil per day, as…
Toyota halts production due to chip shortage
The Japanese car manufacturing company Toyota announced that from March 22 to 31 it will halt production of one of its domestic lines as a result of a shortage of chips, which could be a new blow to its manufacturing.
The decision was…
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
OPEC + will increase its production by 400,000 barrels per day
The ministers of the oil sector of the 23 countries that make up OPEC+ (OPEC and allies) decided to increase their oil production to 400,000 barrels per day during the month of February, despite the uncertainty that the world is…
General Motors will produce batteries and electric cars in the US
General Motors will invest more than 7,000 million dollars in four of its plants in Michigan, United States, to expand the production capacity of batteries and electric vehicles. The company highlighted that this amount will allow the…