Venezuelan production fell 43,000 b / d between July and August: Opep report

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Venezuela's oil production fell 43,000 barrels per day (5.7%) between July and August, and stood at 712,000 barrels per day, according to the Organization of Petroleum Exporting Countries, in its latest report and citing secondary sources.

The figures reveal a drop in Venezuelan extractions for the fourth consecutive month, after a slight recovery last April.

According to these secondary sources, Venezuela occupies the tenth place in the extraction of oil of the 14 members of the Opep, ahead only of Ecuador, Congo, Gabon and Equatorial Guinea.

On the contrary, according to official figures provided by Venezuela, specifically by the Ministry of Petroleum, oil production in August increased by 2.89% compared to the previous month, reaching 933,000 barrels per day.

Data from economist Jesús Casique reveal that national oil production has decreased by 523,000 b / d between the period August 2018-2019. According to the expert, the extraction of crude oil went from 1,235,000 b / d to a minimum of 523,000 b / d, considering data from secondary sources.



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https://www.panorama.com.ve/politicayeconomia/Produccion-de-Venezuela-bajo-43.000-bd-entre-julio-y-agosto-informe-Opep-20190911-0001.html

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