Venezuela’s Oil Production Reaches Yearly Peak Amidst Economic Challenges

INSUBCONTINENT EXCLUSIVE:
Secondary sources cited in the OPEC report also confirm an upward trend, albeit with a more modest increase.These secondary sources estimate
Last year, direct sources reported an average of 783,000 barrels per day
Secondary sources estimated a slightly lower figure of 749,000 barrels daily
market
The Venezuelan government attributes these difficulties to U.S
peaks
The country faces ongoing challenges in revitalizing its oil sector
These include aging infrastructure, lack of investment, and skilled labor shortages.The recent production increase may offer a glimmer of
However, sustained growth will require addressing underlying issues in the oil industry