Venezuela faces sharper output drop in August

摘要

Venezuela faces an even steeper decline in oil production in August as a result of an extensive blackout around Lake Maracaibo. The country’s official July output averaged 1.469mn b/d, a loss of 62,000 b/d from 1.531mn b/d a month earlier, according to energy ministry data provided to Opec. The official figure is 57,000 b/d lower than the 1.526mn b/d state-owned PdV reported for July in an internal upstream report.