Venezuela's oil production sinks to lowest since 2002, Platts says

[thackney]

Venezuela's oil production sinks to lowest since 2002, Platts says
http://www.chron.com/business/energy/article/Venezuela-s-oil-production-sinks-to-lowest-since-12481531.php
January 8, 2018

Venezuela's oil production plummeted to its lowest level since 2002 in December as its national oil company PDVSA suffers financial shortfalls, S&P Global Platts said Monday.

The Latin American country's crude production fell 100,000 barrels a day last month to 1.7 million barrels a day, a level it hit back in late 2002, when thousands of oil industry workers went on strike for three months, according to Platts' monthly survey.

OPEC's crude output edged up by a net 50,000 barrels a day in December, led by Iraq and Nigeria, which each lifted production by 60,000 barrels....