Wednesday, January 21, 2015

Venezuela says oil exports fell in 2014 to 2.33 mln


Venezuela's oil exports fell to 2.33 million barrels-per-day in 2014, from 2.43 million the previous year, Oil Minister Asdrubal Chavez said on Tuesday. Production averaged 2.9 million bpd last year, he added during an investors' conference in Caracas. OPEC member Venezuela, which is reeling from the plunge in global crude prices since mid-2014, is counting on joint ventures in the heavy-crude Orinoco region to boost output in future years. More…

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