As Venezuela’s dilapidated energy sector
struggles to pump enough crude oil to meet the country’s OPEC output target,
rival producers within the exporters group have started to plug the gap, OPEC
and industry sources said. The South American country’s oil output hit a
28-year low in October as state-owned oil giant PDVSA [PDVSA.UL] struggled to
find the funds to drill wells, maintain oilfields and keep pipelines and ports
working. More… 
Monday, November 20, 2017
As Venezuela pumps below OPEC target, oil rivals begin filling gap
As Venezuela’s dilapidated energy sector
struggles to pump enough crude oil to meet the country’s OPEC output target,
rival producers within the exporters group have started to plug the gap, OPEC
and industry sources said. The South American country’s oil output hit a
28-year low in October as state-owned oil giant PDVSA [PDVSA.UL] struggled to
find the funds to drill wells, maintain oilfields and keep pipelines and ports
working. More… 
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