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Tag: production cuts

Commercialization, Conventional Fuels

Oil Prices Spike As OPEC Compliance Hits New Record

May 1, 2018

Via: Energy Collective

The production losses in Venezuela are not a surprise. Output has plunged below 1.5 mb/d, down 600,000 bpd since 2016. The country is in crisis and the recent crackdown on Chevron employees in the country presages more production declines, particularly […]