⏺ Venezuelan PDVSA reports that the country's oil infrastructure has not been damaged



According to Bloomberg, Venezuela currently produces about 800,000 barrels of oil per day. Ten years ago, this figure was nearly 2.5 million barrels per day. Returning to this level — and even higher levels — will take a long time and requires a clear and feasible plan for the post-Maduro period.

The main buyer of Venezuelan oil is China. But over 20% of exports go to the USA. Bloomberg hints that oil will not grow sustainably after the resumption of trade. The market has gained immunity to geopolitical shocks, as demonstrated by the situation after the US strike on Iran.
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