Insight
Venezuela’s friends stepping in to fill the gap
Report summary
After a gloomy year for the Venezuela oil sector, a more positive outlook for exports is set to provide a shift upward in production during 2021. In this Insight we explore the outlook for Venezuelan oil production after hitting historic lows in H2 2020. Questions answered include: • How effective have US sanctions been in reducing Venezuelan production? • What is the impact in the local fuel market? • Which countries take Venezuelan crude?
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