Venezuela Forced To Shut Down Production As Operations Fall
Venezuela's oil production fell to an average of 1.392 million barrels per day in May, down another 42,000 bpd from a month earlier, according to OPEC's secondary sources.
Crude oil production in Venezuela from January 2021 to October 2025 (in 1,000 barrels per day) Premium Statistic Oil production in Venezuela 2008-2025 Oil production in Venezuela 2008-2025
The Wall Street JournalVenezuela's Oil Production Is Collapsing WSJ The Wall
Venezuela's oil output is collapsing at an accelerating pace, deepening an economic and humanitarian crisis and increasing the chances the country will default on its debts.
The national oil industry's travails have been worsened by a corruption investigation into missing oil money that has so far led to dozens of arrests and the resignation of the country's
The Wall Street JournalOil Industry Is Fading Away in Land of the World's Richest
Venezuela sees its production dwindle after decades of graft and mismanagement under Ch谩vez and Maduro regimes, and now the burden of U.S. sanctions. The last drilling rig in
As far as the oil sector goes, the best case scenario for Venezuela is steady, if rapid, decline in production a loss of 200,000 to 300,000 bpd this year. But the darker scenario is a
RFIVenezuela: the decline of an oil giant in crisis RFI
More than a century ago, the Maracaibo basin in northwestern Zulia state was the birthplace of a business that transformed the country into one of the world's 10 largest oil
White House special envoy Richard Grenell met with Maduro in Caracas, Venezuela's capital, on Jan. 31, striking a deal for Maduro to resume accepting deportees, with an understanding that oil
The Wall Street JournalOPEC's Sick Man, Venezuela Could Jolt Oil Market WSJ
Venezuela's already falling oil production will get worse, maybe much worse, before it gets better, potentially roiling global energy markets. The cash-strapped country has been unable to
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The Wall Street JournalVenezuela Stands Its Ground On Oil-Production Cutbacks WSJ
CARACAS, Venezuela -- The nation's Energy and Mines Minister Erwin Arrieta Thursday discounted further oil production cutbacks by his country despite languishing crude prices. His
The Wall Street Journal. English Edition. Haiti, Nicaragua and Venezuela. By . Mariah Timms. Oil Markets. Chevron Gets Narrow License to Preserve Oil Assets in Venezuela.
The International Affairs ReviewVenezuela and ExxonMobil Oil Discovery in Guyana
Abstract Venezuela's economic crisis has spiraled out of control, creating secondary ripple effects that are impacting the entire Western Hemisphere. This manmade crisis has
OPEC released the production counts for its member states today and while overall OPEC production was up 278,000 barrels per day (bpd) during the month, Venezuela's
BloombergA Timeline of Venezuela's Economic Rise and Fall
Venezuela's oil production never fully returned to pre-strike levels of 3.3 million barrels a day. With the economy in disarray and oil production collapsing, Maduro said he
American oil executives and bond investors are urging President-elect Donald Trump to abandon his first-term policy of maximum pressure on Venezuelan strongman Nicol谩s Maduro and instead
- What is the impact of Venezuela's oil industry on the environment?
- “When it falls, everything dries up.” Venezuela’s oil industry, which helped transform the country’s fortunes, has been decimated by mismanagement and several years of U.S. sanctions, leaving behind a ravaged economy and a devastated environment.
- How much oil does Venezuela produce?
- While Venezuela's oil production has decreased, it still ranks third in the world in methane emissions per barrel of oil produced, according to the International Energy Agency.
- Did Chevron repair leaking oil pipelines in Lake Maracaibo?
- After Chevron resumed some oil production in Venezuela, the state oil company hired divers to inspect the oil pipelines in Lake Maracaibo. So far, according to interviews with three of those divers, leaking pipelines have yet to be repaired.
- What is the current status of oil pipelines in Lake Maracaibo?
- According to interviews with three divers, leaking pipelines have yet to be repaired in Lake Maracaibo. After Chevron announced last year that it would resume some oil production in Venezuela, the state oil company hired divers to inspect the oil pipelines.
- Is Venezuela in a state of desperation?
- Venezuela is in a state of desperation as its oil industry—for years the foundation of the country’s economy—spirals out of control.
- What is the current state of oil drills in Cabimas?
- Broken pipes float on the surface, and oil drills are rusting and sinking into the water. Birds coated in oil struggle to fly. The collapse of the oil industry has left Cabimas, once one of the richest communities in Venezuela, in extreme poverty.
