• SENSEX
    NIFTY 50
Economy

Venezuela oil output plummets to 870,000 bpd on outages, sanctions, says International Energy Agency

Updated : April 11, 2019 03:31 PM IST

The IEA, which coordinates the energy policies of industrialised nations, said the output decline of 270,000 bpd was Venezuela's second largest month-on-month drop and put the country's production at 600,000 bpd less than a year earlier.
Venezuela told the Organization of the Petroleum Exporting Countries that the nation pumped 960,000 bpd last month, a drop of almost 500,000 bpd from February, OPEC said on Wednesday.
OPEC, Russia and other non-member oil producers agreed to cut output by 1.2 million bpd from January 1 for six months and are set to meet on June 25-26 to decide whether to extend the pact.
Venezuela oil output plummets to 870,000 bpd on outages, sanctions, says International Energy Agency
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV