Despite an increase in domestic crude oil consumption, Venezuela's oil output will continue to decrease, the Financial Times reports.
"A lack of investment, adequate infrastructure and a shrinking cash flow may drag oil production down by 100,000-200,000 b/d in a year," Francisco J. Monaldi, fellow in Latin American energy policy, told the Financial Times.
Financial Times (subscription required): http://on.ft.com/1NFAk2o
Kristian Coates Ulrichsen
Jan 20 2021 | Center for the Middle East
Jim Krane , Kenneth B. Medlock III , Mark Finley , Michael D. Maher
Jan 20 2021 | Center for Energy Studies