Post #1877

🆕 NEWS | Venezuelan Oil Output Recedes as India ‘Expects’ More Imports Venezuela’s oil production saw a slight decline in February, with OPEC estimating 892,000 bpd—down 18,000 bpd from January—while PDVSA reported an increase to 1.03 million bpd. Despite US sanctions hampering trade, Indian Oil Minister Hardeep Singh Puri stated that “all the signals” suggest an easing of constraints on Venezuelan crude exports. Reliance Industries remains the only Indian firm authorized for imports under current restrictions. 🔗 Read the full report here: https://shorturl.at/ITuDb #PDVSA#Sanctions