Goldman: Venezuela crude recovery seen slow, below pre-2018 levels
Goldman Sachs says Venezuela crude production is unlikely to return to pre-2018 levels above 2 million barrels per day over the next few years. Output was around 1.1 million bpd in July despite renewed U.S. and European interest.
Venezuela crude oil production isn't expected to return to pre-2018 levels of above 2 million barrels a day over the next few years, despite renewed interest from U.S. and European oil companies, Goldman Sachs says.
Production stood at around 1.1 million barrels a day in July, while crude and conde…