Commodity Market Report
Venezuela product markets long-term outlook H2 2020
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Report summary
Venezuelan oil demand and refining supply have plunged to a new low in 2020, and there is not 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 13%, due to the financial struggles of PDVSA and the consistent lack of maintenance.
Table of contents
- Venezuela's weak trade to continue
Tables and charts
This report includes 1 images and tables including:
- Product balances - all supply versus demand
What's included
This report contains:
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