Goldman expects Venezuela crude output to edge higher, not back to 2018 levels
Goldman Sachs expects Venezuela crude production to edge higher, but says a return to pre-2018 levels above 2 million barrels per day is unlikely over the next few years, citing infrastructure and power-grid issues.
Goldman Sachs expects Venezuela's crude production to edge higher, but does not see output returning to pre-2018 levels of more than 2 million barrels per day over the next few years.It said in a note that key bottlenecks, including degraded infrastructure and an unreliable power grid, will be cost…