Venezuela Oil Production To Average 600,000 b/d In 2021

(Energy Analytics Institute, 9.Dec.2020) — Crude oil production from OPEC member Venezuela is expected to average 600,000 barrels per day in 2021, according to new estimates revealed by Ecoanalitica.

The Caracas-based economic consultancy also expects Venezuela’s oil basket price to average $37.50 per barrel in 2021.

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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.