Analysts at Raymond James said Venezuela's oil production was affected by several “uncertainties”, particularly the speed of government changes and the speed and willingness of multinational oil companies to return to the country. Under an optimistic scenario, production will increase to more than 2 million barrels per day by 2030, and trend towards 3 million barrels thereafter. However, analysts pointed out that this can only be achieved if “American oil companies have sufficient security guarantees and incentives to return to Venezuela.” Furthermore, if the transition period is delayed and the blockade continues, analysts believe that “some production facilities may need to be shut down,” which may cause production to drop by nearly 500,000 barrels per day.

Zhitongcaijing · 5d ago
Analysts at Raymond James said Venezuela's oil production was affected by several “uncertainties”, particularly the speed of government changes and the speed and willingness of multinational oil companies to return to the country. Under an optimistic scenario, production will increase to more than 2 million barrels per day by 2030, and trend towards 3 million barrels thereafter. However, analysts pointed out that this can only be achieved if “American oil companies have sufficient security guarantees and incentives to return to Venezuela.” Furthermore, if the transition period is delayed and the blockade continues, analysts believe that “some production facilities may need to be shut down,” which may cause production to drop by nearly 500,000 barrels per day.