Venezuela oil flow slows

Article Abstract:

Oil production in Venezuela has been falling due to a skilled worker shortage, weak investments, and bad maintenance. Experts said that the country's oil production decline has caused tighter supplies. Production has fallen to about 500,000 barrels per day from three million per day.

Production data, Venezuela

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Soft demand sends oil to year's low

Article Abstract:

The crude oil prices decreased more than $2 a barrel in November second week to touch lowest level this year. The decreased demand and increased production are main reasons for the new phenomena. The same trend is expected to continue untill the end of the year.

United States, Market information - general, Forecasts, trends, outlooks, Commodity & service prices, Petroleum refining, Prices and rates, Supply and demand, Company pricing policy, Industry forecasts

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