Venezuelan oil production down 5.1% in Q1 and falling

摘要

Caracas-Venezuela’s oil production fell 5.1% year on year to an average 2.6 million b/d during the first quarter of 2016, according to a PDVSA source, and will continue to drop through the year-although other sources say the Q1 figure is most likely even lower. Production has fallen from 2.74 million b/d in Q1 2015, and 2.98 million b/d in 2010, said a member of PDVSA’s production monitoring committee, who spoke to Platts on the condition of anonymity.