Can Venezuela’s Oil Industry Bounce Back With The Help Of Iran? After five years of plunging oil production and experiencing the near-collapse of its economically crucial petroleum industry and the worst peacetime economic crisis of the modern age, there are signs a recovery is underway in Venezuela. For some time, President Nicolás Maduro has claimed Venezuela’s once-mighty petroleum industry is recovering, yet plummeting crude oil output, deteriorating infrastructure, and numerous oil spills indicate otherwise.
The latest numbers from OPEC, of which Venezuela was a founding member, indicate that the economically crucial industry could be in the process of recovering. The cartel’s December 2020 Monthly Oil Market Report indicates that the country’s oil output is slowly but steadily growing since the third quarter of 2020 when it averaged 362,000 barrels daily. For the month of November, Venezuela pumped on average 407,000 barrels of crude oil per day which i
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Can Venezuela’s Oil Industry Bounce Back With The Help Of Iran? By Matthew Smith - Dec 30, 2020, 1:00 PM CST
After five years of plunging oil production and experiencing the near-collapse of its economically crucial petroleum industry and the worst peacetime economic crisis of the modern age, there are signs a recovery is underway in Venezuela. For some time, President Nicolás Maduro has claimed Venezuela’s once-mighty petroleum industry is recovering, yet plummeting crude oil output, deteriorating infrastructure, and numerous oil spills indicate otherwise. The latest numbers from OPEC, of which Venezuela was a founding member, indicate that the economically crucial industry could be in the process of recovering. The cartel’s December 2020 Monthly Oil Market Report indicates that the country’s oil output is slowly but steadily growing since the third quarter of 2020 when it averaged 362,000 barrels daily. For the month of November, Venezuela pum
information. this is outnumbered. merry christmas, everybody. i m andrea tantaros. here today, harris faulkner. jedediah bila, fox news contributor. joe is back and today s #oneluckyguy father jonathan morris, author of the way of serenity. you re outnumbered. merry christmas. i do not feel outnumbered at all. i have four sisters. this is like being at home. you said as andrea was introducing you, who would have thunk it? who would have thunk it. when i left for the seminary, the school you go to study to become a priest. we got it. my sister was crying the day before i left. she never cried when i was growing up and she was beating up on me. she said, we re never going to see from you again. never hear from you again. oh, my gosh, turn the tv off. we had too much. you never know how life will turn out. i m so blessed be here on christmas. everyone of these news items always has some ethical, social issue, element or angle. we re blasted to have you, fat