Venezuela Reports Steep Plunge in Oil Output

摘要

The crisis in Venezuela’s oil sector appears to be worsening rapidly, as the country’s reported crude production fell by almost 12% last month from November’s levels. According to Opec’s latest monthly bulletin, released Thursday, Venezuela said via direct communications that it produced 1.621 million barrels per day in December, about 261,000 b/d below November’s 1.837 million b/d (related).