Venezuela's Crippled Crude

The decrepit state of aging oil fields is a crucial reason why Venezuela’s output is falling faster than that of any other major oil producer bar insurgency-riven Nigeria, despite having the world’s largest reserves.

Topics:  venezuela s   nigeria   oil   
BING NEWS:
  • Venezuela’s economic crisis fueled by looting of its state-owned oil company
    PDVSA, the country’s main source of income, has been plundered by decades of corrupt and incompetent management ...
    04/17/2024 - 11:03 am | View Link
  • US to reimpose oil sanctions on Venezuela over election concerns
    The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President ...
    04/17/2024 - 10:24 am | View Link
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