Exclusive: Venezuela's PDVSA cuts crude blending, output as inventories rise - sources, documents
Venezuela's oil industry has been squeezed by more than a year of sanctions from the United States, and in recent months the Trump administration has increased the pressure on some of the remaining buyers of Venezuelan crude.Washington sanctioned PDVSA early last year as part of the administration's efforts to oust President Nicolas Maduro.Overall, Venezuela produced 656,000 barrels on May 13 and 642,000 barrels on May 14, according to the most recent internal PDVSA data seen by Reuters.
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