Venezuela’s oil production drops by half during blackouts


Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online. Oil output averaged less than 600,000 bpd during the blackouts, the people said, who asked not to be identified because the information isn’t public. For the full month, daily production was 890,000 bbl, according to a Bloomberg survey of officials, analysts and ship-tracking data….

An excerpt from World Oil