Goldman Sachs said that Venezuelan crude oil production is expected to pick up slightly, but due to various bottlenecks, it will be difficult to return to the level above 2 million barrels per day before 2018 in the next few years. Analysts Yulia Zestkova Griggsby and Dan Struyven wrote in a September 2 research report that aging infrastructure and poor grid stability require high costs if they want a quick solution. The country's crude oil production in July was 1.1 million barrels per day. Venezuela's crude oil and condensate exports increased 400,000 b/d year on year. Over the past five months, the US has become its primary buyer.

Goldman Sachs said that Venezuelan crude oil production is expected to pick up slightly, but due to various bottlenecks, it will be difficult to return to the level above 2 million barrels per day before 2018 in the next few years. Analysts Yulia Zestkova Griggsby and Dan Struyven wrote in a September 2 research report that aging infrastructure and poor grid stability require high costs if they want a quick solution. The country's crude oil production in July was 1.1 million barrels per day. Venezuela's crude oil and condensate exports increased 400,000 b/d year on year. Over the past five months, the US has become its primary buyer.