Venezuela Oil Output Plummets To 870,000 Bpd On Outages, Sanctions: IEA

www.oann.com | 1/29/2019 | Staff
LONDON (Reuters) – Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela’s crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before.

“The blackouts are an additional challenge for Venezuela’s oil sector, already set back by economic collapse, corruption, mismanagement and – more recently –...
(Excerpt) Read more at: www.oann.com
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