Venezuela’s June crude output jumps to 805,000 b/d

摘要

Crude production from state-owned PDVSA and its foreign partners averaged 805,000 b/d in June, up 35,000 b/d from May, according to estimated data included in the PDVSA production report reviewed by S&P Global Commodity Insights. Greater availability of imported diluents to blend the extraheavy crude from the Orinoco Belt is cited for the increase. Extra-heavy crude production in the Orinoco Belt, Venezuela’s largest operating field, averaged 78,000 b/d in June, up 18,000 b/d from May, according to the report.