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Page added on August 15, 2020

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Venezuela Oil Production Close to Zero

Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed.

The country’s crude oil production is currently between around 100,000 to 200,000 barrels per day (bpd) and falling, according to the company, which highlighted that Venezuela’s output was around 650,000 bpd a year ago and had been as high as two million barrels per day back in 2017.

IHS Markit noted that Venezuela’s production fall is the product of decades of decline and decay but has been exacerbated more recently by the Covid-19 induced oil price collapse of 2020, U.S. sanctions and limited domestic oil storage.

The company, which highlighted that Venezuela is the country with the world’s largest oil reserves, said a restoration of production “somewhere in the future” is always a possibility, but added that the state of Venezuela’s infrastructure, ongoing U.S. sanctions and lower global demand make it “increasingly unlikely”.

“Never before has a former major oil producing country seen output fall so low for so long,” Jim Burkhard, IHS Markit’s vice president and head of oil markets, said in a company statement sent to Rigzone.

“In Venezuela’s case, if there is any surprise it is that the disintegration did not happen faster,” he added in the statement.

“In terms of market impact, if you had to choose a time for the fall of a major global oil producer – a founding member of OPEC, no less – this would be it. There is ample production capacity around the world to satisfy the recovery in world oil demand that has been underway since May,” Burkhard went on to say.

Venezuela is one of the five countries that created the Organization of Petroleum Exporting Countries group back in 1960. The other four countries comprise Iran, Iraq, Kuwait and Saudi Arabia. According to IHS Markit, Venezuela is now the third smallest producer among OPEC’s 13 members, just ahead of Equatorial Guinea and Libya.

RIGZONE



9 Comments on "Venezuela Oil Production Close to Zero"

  1. bochen777 on Sat, 15th Aug 2020 9:53 pm 

    https://forum.ascendchina.ch/

  2. bochen777 on Sat, 15th Aug 2020 9:54 pm 

    America’s evil plan to nuke China as the final solution to genocide all 1.4 billion Chinese people on Earth

    https://forum.ascendchina.ch/t/americas-evil-plan-to-nuke-china-as-the-final-solution-to-genocide-all-1-4-billion-chinese-people-on-earth/85

    美国邪恶的计划是要核杀中国,作为种族灭绝地球上所有14亿中国人的最终解决方案
    美国对中国进行核爆的邪恶计划是对地球上14亿中国人进行种族灭绝的最终解决方案

    I’m predicting that the USA will attack China (in the South China Sea and surrounding areas) before end of 2020, most likely in middle of October, and that as a consequence of an American war against China, the US will also round up all Chinese Americans living in the States into death camps and probably gas us all to death…The US will also attempt to get an alliance to gang up on China, including India, Australia, UK, and possibly Japan and Taiwan… Mostly very likely they will stage another massive drill and then do a “Gulf of Tonkin” 2.0 style of false flag operation to frame China as the aggressor to set up the pretext and to create the fake ostensible ‘justification’ needed to then use tactical nukes to flatten the islands in the South China Sea, at the same time the US will be launching a high level EMP (electromagnetic pulse device) above China as well as cutting the sea cables connecting to China so that China loses all electronic communications to the rest of the outside world. This is to blind and deafen China while the attacks are ongoing. Many people say Trump may also order the Three Gorges Dam to be attacked just like the recent US/Mossad false-flag explosion in Beirut, which itself was executed under cover of false attribution to give plausible deniability. If America doesn’t score a decisive victory in the South China Sea, the next step is the final solution, America will do a surprise pre-emptive nuclear first strike to decapitate the CCP and Chinese leadership, with intent to genocide all 1.4+ billion Chinese people on this planet so that racists America can retain sole unilateral hyper-power status for the next hundred years.

    我预测,美国将在2020年底之前,最有可能在10月中旬进攻中国(在南海及周边地区),而作为美国对华战争的后果,美国还将把所有生活在美国的华裔美国人都围进死亡营,可能会把我们都毒死…美国还将试图让一个联盟结伙对付中国,包括印度、澳大利亚、英国,可能还有日本和台湾…最主要的是很有可能他们会再进行一次大规模的演习,然后做一次 “北部湾 “-2.0 式的假旗行动,将中国诬陷为侵略者,以建立借口,并制造虚假的表面 “理由”,然后使用战术核弹夷平南海诸岛,同时美国将在中国上空发射高电平电磁脉冲装置(EMP),并切断连接中国的海缆,使中国失去与外界的所有电子通讯。这是要在攻击进行时,让中国失明、失聪。很多人说,特朗普还可能会下令攻击三峡大坝,就像最近美国/摩萨德在贝鲁特的假旗爆炸一样,这本身就是在虚假归属的掩护下实施的,让人似是而非。如果美国在南海问题上没有取得决定性的胜利,下一步就是最终的解决方案,美国将进行突袭式的先发制人的核打击,将中共和中国领导层斩首,意图将地球上14亿多中国人全部种族灭绝,让种族主义者美国在未来一百年内保持唯一的单边超强国地位。

    我预计,美国将在2020年底之前(最有可能在10月中旬)袭击中国(在南中国海及其周边地区),由于美国对中国发动战争,美国也将全面陷入所有生活在美国的华裔美国人都进入了死亡集中营,可能使我们所有人丧生……美国还将尝试建立一个联盟,以结盟中国,包括印度,澳大利亚,英国,可能还有日本和台湾……这很可能是他们将进行另一次大规模演习,然后进行“东京湾” 2.0 式的虚假旗标行动,以中国为侵略者,以树立借口并创造出伪造的表面化“辩解”,然后使用战术核武器使这些岛变平在南海,美国将同时在中国上方发射一个高水平的EMP(电磁脉冲设备),并切断与中国连接的海缆,使中国失去与外界的所有电子通信。 。这是在袭击持续进行的过程中给中国造成盲目和防御。许多人说,特朗普也可能会命令三峡大坝遭到袭击,就像最近在贝鲁特发生的美国/摩萨德假旗爆炸一样,该爆炸本身是在虚假归属的掩盖下执行的,以提供合理的可否认性。如果美国没有在南中国海取得决定性胜利,则下一步是最终解决方案,美国将出人意料地进行先发制人的核优先打击,以杀死中共和中国领导人,并意图种族灭绝所有1.4亿和10亿以上的人。在这个星球上的中国人,使种族主义者美国可以在未来一百年内保持唯一的单边大国地位。

    The tail/hint that gave it away was all the countries that previously vowed not to cave to US pressure on Huawei but then later on retroactively reneged after they already came out and stated they would not ban Huawei.

    What am I talking about? For example, back in Jan/Feb of this year, the UK originally said they would accept Huawei and would not do a ban on Huawei 5G etc… and even when Trump personally called Boris on the phone multiple times threatening and begging him to chance his mind the UK still didn’t relent.

    But now one after another, many European/Western nations that previously stood up against the US in not being pressured to ban Huawei have now all suddenly one after another fallen into line. The UK flipped flopped even after having already publicly made and announced the decision… some say that the whole thing for show and everything was a showmanship thing since UK being part of 5EYES was never gonna accept Huawei in the first place…

    But I think something else is going on…. Maybe what changed between Jan and July (other than COVID situation and HK situation) was that US gained enough allied support for an coalition of invasion of China (attack China in SCS etc) that now the US leadership basically tells all their allies/vassals that “hey we are going to strike China soon, you are either with us or against us”… so now its push comes to shove, allies have to show of support for their master, and since a war is coming and they have already obviously chosen sides, then obviously they are not going to the use ‘enemies’ 5G stuff going forward…. the decision by their leader/master to go to war had completely changed the entire calculus and equation….

    The UK officially on the record attributes its reversal decision to the COVID thing and the HK thing, but that really cannot be the truth since when Boris made the decision early this year, the 5EYES had already known about COVID for at least three months before that! And the HK roits had by that time already been going on for almost a whole entire year…

    And it still wouldn’t explain how the US so quickly got so many other European nations to flip in the span of such a short time, nations that previously publicly stated they would not ban Huawei and wouldn’t not bow to US pressure all fell in line like dominos… something dark and evil is going on behind the scenes right now, I can smell it.

    This massive capitulation signals something in my opinion far more widespread and sinister than simply changing their minds on Huawei… I think something very big is about to go down soon….

    So much so that now the UK is sending its own aircraft carriers to the South China Sea to assist US in waging war, with Japan jumping into the mix with as well…

    I hope China is prepared to go nuclear to defend itself if needed……ready up the DF-41 and stop being naive… Seems like we are witnessing a repeat of a global Chinese Exclusion Act 3.0 and a new 21st century version of the Eight Nation Alliance (QUAD x 2 plus add India) that wishes to cut China into a dozen pieces and harvest and pillage China yet once again…. If America doesn’t score a decisive victory in the SCS, the next step is the final solution, America will do a surprise pre-emptive nuclear first strike to decapitate the CCP and Chinese C&C, with intent to genocide all 1.4+ billion Chinese people on this planet so that Amerikkka can retain sole unilateral hyper-power status for the next hundred years.

  3. bochen777 on Sat, 15th Aug 2020 9:55 pm 

    https://forum.ascendchina.ch/

    df41.ch

  4. Shortend on Sun, 16th Aug 2020 7:16 am 

    MVGA….can’t wait

  5. IFuckPoliticiansInTheAss on Sun, 16th Aug 2020 10:14 am 

    I will have a racial rant here. Everything I see now, is a reminder that the Whites race is extinct. Lot of old Whites people few young Whites people. This is called a demographic Winter or Whites demographic collapse.

    Each time I look at the news I see brown or black people as news anchor or brown politicians like Rishi Sunak, Priti Patel, Bardish Chagger, http://bardishchaggermp.ca/, guidoune Gauilbault of Quebec. So now I live in a ugly world where everyone has brown skin, black hair and black eyes, wow I am surrounded by so much beauty.

    So we have two problems at the same time, peak oil and Whites demographic collapse. Western civilisation has been created by Whites people and with the demographic collapse of Whites people will come the collapse of Western civilisation. So there is no reason for me as a White Nordic man to build anything, because the main beneficiary will be brown people not Whites. So go fuck yourself, you wanted diversity, now you have it, now deal with it. I have to write about retard Lego eventually.

  6. IFuckPoliticiansInTheAss on Sun, 16th Aug 2020 10:32 am 

    By the way this rant has been triggered by me doing grocery shopping. The grocery store was full of brown people. On my way home, I said to myself, no way I will build anything for brown parasitic people.

  7. zero juan on Sun, 16th Aug 2020 11:39 am 

    fucking clown

    IFuckPoliticiansInTheAss said By the way this rant has been triggered by me doin…
    Duncan Idaho said Clown show: https://www.alternet.org/2020/08/senat

    IFuckPoliticiansInTheAss said I will have a racial rant here. Everything I see n…

    The All New Juan u kno what i wish im rich and famous with money i can light up at parties to show i dont care about a few benjamins that what the muzzie FGM NASTY said but anywyas having no dinero sucks i cant afford panties said if u poor and live on fixed income u can get panti…

  8. Theedrich on Mon, 17th Aug 2020 2:01 am 

    Has the Supernatural foreordained Trump’s victory?

    The earliest of mankind’s “religions,” and least political, is shamanism.  In this mystical system, once universal, everything is spirit or spirits.  It was first investigated scientifically in circumpolar regions, primarily Siberia, where it still exists alongside Buddhism.  A shaman is a tribesmember who deliberately undergoes something like a Near-Death Experience, descends to the netherworld where he or she communes with the spirits while his or her body is possessed and in trance, then returns to give useful information to the tribe.

    Both males and females can be shamans (females are called “shamankas”), but in some Asiatic tribal areas the individuals so named do not themselves choose to become members of that class;  rather, they are chosen by the spirits, often in childhood, and the spirit activity, or syndrome, manifests itself in adulthood.

    Those thus chosen often resist the calling and try vainly to reject the otherworldly vocation.  The reason is that the shaman subconsciously draws life power from those closest to him or her.  One’s mate dies prematurely of a terrible disease or accident, children and other relatives and close friends meet untimely ends or some kind of misery.  The fate of a shaman is not a pretty one.

    Switch now to the utterly unpredictable character of President Trump.  Against all odds and expectations, and under a hailstorm of Leftist accusations and attacks, this improbable figure has ascended to the highest command post on earth.  Every curse and imprecation imaginable has been hurled against him by the archons of national and international politics and finance, yet he remains the ruler of the roost.

    Today he is embroiled in a contest for reelection on Tuesday, 2020 November 3.  Countless national polls show him badly trailing his main opponent, who is hiding in a Delaware crypt with his Negroid-Hindoo candidate for Veep, who just happens to be of the non-male persuasion.  Not only the Democrat party, but its media propaganda forces and hi-tech commissars, plus most of the academic herd animals, along with non-Whites of all types, hate the Orange Man with burning fury.  Added to this are nihilist shock troops ravaging Democrat-led cities to express their primal contempt for all things Whitey and their homicidal outrage against Trumpland.

    Then, on the night of Saturday, 2020 August 15, an unexpected thing happened:  71-year-old Robert Trump, the President’s youngest brother, died at NewYork-Presbyterian Hospital, probably of blood-related disorders.  The death occurred just two days before the beginning of the Covid-19-muted Democrat National Convention in Milwaukee, in which the creature from the crypt and his dame will be nominated as the party’s nominees for president and vice-president, respectively.

    If President Donald Trump could be considered the nation’s shaman, might he be drawing life power from his brother to help him win reelection?  For those who do not hold the idea of the paranormal in contempt, it may be something to consider.

    But that is not all.

    There is an ancient association between the date of August 15 and the Earth Mother.  In the year 431 in the city of Ephesus (now in Mohammedan Turkey), the Catholic Church under Roman emperor Theodosius II renamed the Earth-Mother goddess, Artemis (Greek Ἄρτεμις), to Mary, the mother of Jesus, as the “God-bearer” (Theotokos), adding to her many other names such as Demeter, Anahita, Gaia, etc.  Unbeknownst to most Christians, the Blessed Virgin Mary is actually the Earth as the mother of all living planetary life.  Furthermore, August 15 is one of two major dates devoted to her in Catholicism.  The other is December 8, the Solemnity of the Immaculate Conception of the Blessed Virgin Mary, when she is believed by the faithful to have been conceived without the original sin that, according to Catholic faith, infects all humans.

    Now it just so happens that 1941 December 8, the day after the Pearl Harbor attack, is the date on which the U.S. declared war on Japan, thereby entering WW II.  It also just so happens that on 1945 August 15 (on the Japanese side of the International Date Line), Japanese Emperor Hirohito announced his nation’s unconditional surrender and the guns fell silent.  The formal declaration of surrender was signed aboard the battleship Missouri on 1945 September 2.  But the actual end was August 15, the Earth Mother day.  In short, the U.S. participation in the greatest war in human history was bracketed by dates devoted to the Earth Mother.

    Given the confluence of two religious events — the death of the shaman-president’s brother and his death-day of August 15 —, one may be excused for wondering whether the reelection of President Trump is fated to be, regardless of the seemingly formidable forces arrayed against him.

    For the fate of man is outside of his control.

  9. IFuckBrownDiversityInTheAss on Mon, 17th Aug 2020 12:14 pm 

    I always appreciate StarvingLion comment. So I keep that one for you:

    After 200 years, this coal mine is closing – and it’s England’s last one

    https://www.youtube.com/watch?v=aWKcTnnyMWY

    Look like rooling blackout are coming to UK.

    Have a nice day sir.

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