No good news for Venezuela from OPEC
OPEC: Oil production drops in Venezuela due to sanctions
By: Agencies | Thursday, 03/14/2019 01:43 PM
translated from Spanish
03-14-19.-Oil production in Venezuela fell during February, according to figures published Thursday by the Organization of Petroleum Exporting Countries (OPEC), which also asked the United States to contribute to the stability of the market, reported the AFP agency.
The total production of the cartel fell again by 221,000 barrels per day, to 30.54 million barrels per day (mbd) in February, according to secondary sources (indirect) cited by OPEC in its monthly report.
More than half of this fall is explained by Venezuela, where production fell by 142,000 barrels a day in relation to January.
The country has had to limit its offer for US sanctions against the national oil company PDVSA.
To a lesser extent, Saudi Arabia and Iraq also reduced their production in February.
OPEC also affirms, in the direction of the United States, that there is "the shared responsibility of all producing countries to avoid the return of imbalances and continue to support the stability of the oil market by 2019."
The United States, in full revolution of shale hydrocarbons, should produce an additional 1.80 mbd this year.
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