The fuel supply gap in the country is growing as PdV has failed to replace refined products previously imported from the US Venezuela’s severe motor fuel deficit is starting to weigh on the country’s crude production, as oil workers struggle to reach their jobs, and oil equipment and supplies fail to reach oil fields. The fuel crisis could push crude output below the May average of around 750,000 b/d, senior oil union officials warn. Venezuela’s domestic gasoline consumption as of 15 June had declined to about 80,000 b/d and diesel consumption to about 60,000 b/d, compared with peak consumption of 300,000 b/d of gasoline and 190,000 b/d of diesel in 2014, according to an internal oil ministry memorandum seen by Argus . The memorandum attributes the plunge in fuel consumption to the “operational collapse” of state-owned PdV’s refineries and the company’s failure to replace refined products formerly imported from […]