MOMR Archives - Energy Analytics Institute (EAI)

EAI brief: Venezuela production averaged 903,000 b/d in Feb. 2026, according to OPEC data

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.Mar.2026, Words: 103) — Venezuela’s production averaged 903,000 barrels per day (b/d) in Feb. 2026, up 9.7% sequentially month-over-month. This, as production averaged 823,000 barrels per day in Jan. 2026, according to secondary sources as reported by the Organization of the Petroleum […]

OPEC urges accurate coverage of its reports

VIENNA, AUSTRIA (By OPEC, 17.Nov.2025, Words: 261) — With reference to the Reuters article, dated 13 Nov. 2025, titled ‘Oil extends losses on US inventory build, OPEC forecast shift’, the OPEC Secretariat feels it is important to clarify an inaccurate statement in the story related to the Nov. OPEC Monthly […]

Venezuelan oil production holding steady above the new 900,000 b/d floor [tables]

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.Jul.2025, Words: 193) — Venezuela’s crude oil production is holding steady just above what is seemingly a new 900,000 barrel per day (b/d) floor. This, according to new data published in OPEC‘s Monthly Oil Market Report (MOMR). Venezuela’s production averaged 910,000 […]

Venezuela’s production averaged 888 Mb/d in Apr. 2025, according to OPEC

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.May.2025, Words: 164) — Venezuela’s crude oil production averaged 888 thousand barrels per day (Mb/d) in Apr. 2025, down compared to 922 Mb/d in Mar. 2025, according to Organization of the Petroleum Exporting Countries (OPEC) data based on secondary sources. This compares […]

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower global economic forecast amid ongoing uncertainties and rising challenges impacting major economies. OPEC forecasts oil demand to reach 99.7 MMb/d […]

Venezuela Faces Possibility Oil Output Drops To Zero

(Oilprice.com, 1.Sep.2020) — Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which saw the oil rich country become one of the poorest in South America. There are emerging signs that Venezuela […]

Russia Is Winning The Battle For Venezuela’s Oil

(Oilprice.com, 24.Aug.2020) — In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines to obscurity. The popularity of Venezuelan opposition leader Juan Guaidó is waning. As the December 2020 election date for Venezuela’s […]

Venezuela Using Invisible Oil Tankers To Skirt Sanctions

(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government of Nicolas Maduro from power, but so far those sanctions haven’t been entirely successful. The reason: Venezuela is still exporting oil. So far in November, […]

LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards

(Energy Analytics Institute, Piero Stewart, 14.May.2019) — Heard on the street and LatAmNRG briefs related to OPEC’s Monthly Oil Market Report, EP PetroEcuador awards Trafigura deal to import 2,750,000 barrels of premium diesel, and EP PetroEcuador’s plans to open envelopes related to an award to import 2,250,000 barrels of diesel […]

OPEC Releases MOMR With Data Thru Feb. 2019

(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and the Caribbean from Venezuela, Ecuador, Brazil, Colombia, and Mexico. *** © Energy Analytics Institute (EAI)

Venezuela’s Aug. 2018 Oil Output Continues Decline: OPEC MOMR

(Energy Analytics Institute, Jared Yamin, 12.Sep.2018) — Venezuela’s oil production seems on an unstoppable downward trend. The OPEC country’s production of crude oil fell 2.9 percent to 1,235 thousand barrels per day (Mb/d) in August 2018 compared to 1,272 Mb/d in July 2018, according to data published in OPEC’s Monthly […]

Venezuela’s Oil Output Continues Fall, Ecuador’s Rises in Aug. 2018

(Energy Analytics Institute, Piero Stewart, 12.Sep.2018) — Crude oil production in August 2018 in South America’s lone OPEC member countries, Venezuela and Ecuador, continued along usual trends, according to data published in the organization’s September 2018 Monthly Oil Market Report Crude oil production in Venezuela, the country with the world’s […]

Ecuador, Venezuela Output Down, OPEC Reports

(Energy Analytics Institute, Ian Silverman, 11.Jul.2018) – The Organization of Petroleum Exporting Countries published its July 2018 edition of its Monthly Oil Market Report (MOMR). Crude oil production from Ecuador and Venezuela — the lone countries from Latin America to be members of OPEC — fell this month (see charts). […]

Ecuador Oil Output 556 Mb/d in May 2016

(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador’s oil output reached 556,000 barrels per day in May of 2016, up sequentially from 555,000 barrels per day in April of 2016, reported the Organization of Petroleum Exporting Countries (OPEC) in its June 2016 Monthly Oil Market Report (MOMR), citing data […]