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Venezuelan Crude Production 820,000 bpd April

OIL

Venezuelan oil production reached 820,000 bpd in April according to data PdV shared with the Venezuelan Oil Chamber and Chevron. That pace is the highest level in more than a year.

  • Last month Caracas-based consultant Gas Energy estimated March production of 770,000 bpd based on PdV data, while the oil chamber put March production at 785,000 bpd.
  • Argus estimated Venezuelan production in March at about 700,000 bpd.
  • Chevron told investors last week its Venezuelan production could rise by 50pc this year from current levels of around 100,000 bpd.
  • A Chevron official told Argus its production was closer to 120,000 bpd in Venezuela and was on track to reach 200,000 bpd by year's end.
Energy BulletsCommodities
Energy BulletsCommodities

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