LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast

(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to rise slightly in 2021, according to estimates revealed by Ecoanalitica.

Ecopetrol’s Reports Steady Loads At Barrancabermeja Refinery

The loads at Ecopetrol’s Barrancabermeja Refinery are steady at 200,000 barrels per day, the state oil company announced 26 May 2021 in an official statement.

Venezuela Oil Production Estimate for 2021

In 2021, Venezuela’s crude oil production and oil price are expected to average 607,000 b/d and $48.60 per barrel, respectively, according to details revealed by Ecoanalitica.

These figures compare to 558,000 b/d and $33.20/bbl, respectively, in 2020, according to details seen by Energy Analytics Institute (EAI).

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