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  • Is Venezuela's crude oil production on a downtrend?
  • Venezuelan crude oil production has been on a downtrend for years. This is true across all crude grades, but from a composition standpoint, the heavies and extra heavies now make up over 71% of total Venezuelan crudes compared to sub 60% in 2013. In other words, the type of barrel produced is heavier than in the past.
  • What is peanut oil production line?
  • The peanut oil production line is the extraction process of fragrant oil from peanut kernel by adopting the unique pressing technology. Peanuts are high-oil-containing oilseeds. Currently, the unique pressing processes are suited to extract high-flavored edible oils, which has really achieved “no chemical production”.
  • Can Venezuela recover from the oil crisis?
  • The potential path to recovery for Venezuela is likely to be a long and strenuous one. Oil production has plummeted by over 45% since the 2014 price collapse and we anticipate another 300-500 kb/d or more, this year.
  • How will Venezuela's oil crisis affect oil production?
  • Amid the deteriorating political, humanitarian and economic situation unfolding in Venezuela, oil production has been drifting lower in recent years and output issues will likely accelerate. With yesterday’s news of the US Treasury’s Office of Foreign Assets Control (OFAC) placing sanctions
  • Does Venezuela export crude to the US?
  • Venezuelan exports to the US have tapered considerably over recent years. Last year, Venezuela sold crude to 13 US refiners, down from 22 counterparties in 2012. Of those exports, there is also increasing concentration within a small handful of refiners. The top six refiners of Venezuelan crude comprise nearly 90% of total imports.
  • Should Venezuela export oil to emerging Asia?
  • Market share growth in emerging Asia is undoubtedly the focus of any major oil exporting country given the demand growth profiles of China and india. Venezuela can prioritize exports to the region, particularly given the existing oil for loan obligations with China, but the region is the most competitive battleground on the planet.