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Montevideo, December 8th 2021 - 22:05 UTC

Tag: oil fallout

  • Saturday, March 16th 2019 - 09:21 UTC

    Venezuelan continued oil fallout presents a challenge for global markets, says IEA

    Venezuela's oil production has fallen from approximately 2.4 million bpd in 2015 to around 1.2m bpd, as of the latest figures in February

    A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets. The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply in the midst of an electricity crisis which has paralyzed the country recently.