Commodity Market Report
Venezuela product markets 2021 outlook to 2050
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Venezuelan oil demand and refining supply have plunged to a new low in 2020, and there is little expected increase in the next two years. Demand continues to be capped by refinery output and limited import availability. By 2050, the Venezuelan refining system will continue heavily strained. We forecast a utilisation rate of 14% in 2021, due to the financial struggles of PDVSA and the consistent lack of maintenance.
Table of contents
- Demand to remain weak on the long term
- Refinery utilisation rates to remain low
- Limited trade with Venezuela continues in the near future
Tables and charts
This report includes the following images and tables:
- Product demand
- Refinery supply - Intake
- Product balances - all supply versus demand
What's included
This report contains:
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