Post #2005

📰 NEWS | Venezuelan Oil Production Recedes as PDVSA Finds New Partners 🇻🇪 Venezuela’s oil sector is under pressure from renewed US sanctions. OPEC reported May output at 896,000 bpd, down for the second month in a row, while PDVSA claimed 1.06 million bpd. With Chevron scaling back operations, PDVSA signed deals with nine foreign firms to manage drilling and sales in Zulia and the Orinoco Belt. Meanwhile, crude exports to China rose to 584,000 bpd, despite discounts and reliance on intermediaries to bypass sanctions. 🔗 Read the full report here: https://shorturl.at/q3iGM #PDVSA#sanctions