Venezuela's Oil Criss Can't Be Stopped

REUTERS/Isaac Urrutia Venezuela's oil production keeps slipping. Making matters worse, the countries' debt is swallowing up its cash reserves. The trend is set to continue. Venezuela’s oil production fell by another 52,000 bpd in February from a month earlier, according to OPEC’s secondary sources data. That put Venezuela’s oil output at 1.548 mb/d for February, down 100,000 bpd since December and down 600,000 bpd from 2016.

Topics:  reuters/isaac urrutia   making   december   output   business insidernow   watch   directv now   chinasee    aapl   fb    i   venezuela   venezuela&rsquo   february   us   bpd   boom   
BING NEWS:
  • How US sanctions have affected Venezuela
    Under Obama, Biden and Trump, Washington has introduced economic measures against the Maduro government. Here is an overview of how these moves have impacted the country ...
    04/19/2024 - 2:19 am | View Link
  • Exclusive: Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
    Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a U.S. court-ordered auction, while a group of creditors represented by ...
    04/18/2024 - 4:49 am | View Link
  • Venezuela Oil Sector Braces for Loss of US License, Maduro Hits Back
    Venezuela Oil Sector Braces for Loss of US License ... RACE AGAINST TIME Venezuela's economy is suffering a long-running crisis, though the government has made strides on inflation control in the last ...
    04/17/2024 - 1:06 pm | View Link
  • 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
  • U.S. reimposes sanctions on Venezuela’s oil after Maduro violates election agreements
    The Biden administration will reimpose broad sanctions on Venezuela’s oil industry because the country’s strongman leader, Nicolas Maduro, failed to honor commitments signed in Barbados last year to ...
    04/17/2024 - 8:30 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News