Insight
Could OPEC producer Venezuela see output fall further?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Venezuela's production was already in a downward trend for the last several years when the US imposed sanctions against its oil exports in late January 2019. These helped accelerate the decline by an additional 350 kb/d from January to July, tightening the supply and demand balance despite weakening oil demand growth, and adding support to prices (see the Oil price outlook for our latest Macro Oils Monthly Update). Read this Insight to find out more on: -Assumptions and the factors driving Venezuela’s production outlook – a key supply risk for the global oil market in 2019 and 2020. -Possible outcomes to the severe uncertainty including further downside risk -Is there upside risk to this OPEC producer’s supply through 2020? -PDVSA could try a different strategy to boost exports in coming months
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
The impact of 50% tariffs on US steel
US 50% steel tariffs redraw trade flows. We assess the impact on demand, production, and top exporters. No partner is immune.
$1,050
Country Report
Global copper mine cost summary
Click through to access a wealth of data from Wood Mackenzie's latest analysis of global copper mining sector.
$6,750
Insight
Gold Fields consolidates ownership of Gruyere through Gold Road acquisition
Gold Fields enters into a binding agreement to acquire Gold Road Resources.
$1,050
