Story perspectives

Venezuela's Oil Refining Capacity Drops Amid Supply Challenges

4/9/2026

Summary

Story summary

On April 8, 2026, Reuters reported Venezuela's refining network processes 399,000 bpd, 31% of its 1.29 million-bpd capacity.
The rate fell from 35% in February as Petróleos de Venezuela, S.A. (PDVSA) faced power outages and maintenance.
A January supply pact with the United States boosts oil output and exports, but operations remain challenged.
Paraguayana Refining Center processes 237,000 bpd.
Venezuela has severe fuel shortages and long lines at gas stations.

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Story summary

On April 8, 2026, Reuters reported Venezuela's refining network processes 399,000 bpd, 31% of its 1.29 million-bpd capacity.
The rate fell from 35% in February as Petróleos de Venezuela, S.A. (PDVSA) faced power outages and maintenance.
A January supply pact with the United States boosts oil output and exports, but operations remain challenged.
Paraguayana Refining Center processes 237,000 bpd.
Venezuela has severe fuel shortages and long lines at gas stations.