Venezuela’s declining oil production

Mar 2013: President Hugo Chavez dies, Nicolas Maduro (left) assumes office

Mar 2017: Supreme Court tries to take over National Assembly, sparking anti-government protests that leave more than 100 dead

May 2018: Maduro re-elected in vote widely viewed as fraudulent

Dec 2018: Production falls to 1.3m bpd

Crude oil production:  Constant at almost 2.5 million barrels per day

Dec 2015: Opposition coalition wins control of National Assembly

Jul 2017: Maduro creates Constituent Assembly by presidential decree

Jan 2019: Venezuelan opposition leader Juan Guaido (left) declares himself interim president

Jan 28: U.S. implements sanctions against state oil company PDVSA, cutting off Maduro’s main source of government revenue


2.5
2.0  
1.5 
1.0 
0.5
0
   2012 2013 2014 2015 2016 2017 2018 2019



Sources: S&P Global Platts, Reuters Pictures: Associated Press © GRAPHIC NEWS