Venezuela's refineries working at ~35% of capacity or 450,000 bpd of crude processing
The report highlights that Venezuela's refineries are operating at approximately 35% capacity, equating to about 450,000 bpd of crude processing.
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Venezuela's refineries working at ~35% of capacity or 450,000 bpd of crude processing
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This low utilization is a significant supply-side concern which could tighten global oil markets if it persists, potentially supporting prices for both WTI and Brent in the near term.
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