Commodity Market Report
Venezuela product markets long-term outlook H1 2019
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Report summary
This report includes Wood Mackenzie's outlook for the fundamentals of the Venezuelan refined products market. Venezuelan energy sector continues to be at a critical level. Refinery utilization reached a new historical low and is at high risk of continuing to decrease. The scope for recovery in the downstream sector in the short term is limited. Total product demand is restricted by the country's output, reaching a historical low for gasoline and diesel demand.
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