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COVID-19 Information and Guidance

Venezuela's Oil Production

Despite an increase in domestic crude oil consumption, Venezuela's oil output will continue to decrease, the Financial Times reports.

"A lack of investment, adequate infrastructure and a shrinking cash flow may drag oil production down by 100,000-200,000 b/d in a year," Francisco J. Monaldi, fellow in Latin American energy policy, told the Financial Times.

Financial Times (subscription required): http://on.ft.com/1NFAk2o