Venezuela says to cut 95,000 b/d crude output in OPEC deal

27 December 2016, Caracas — Venezuela said on Tuesday it will cut 95,000 barrels per day of oil production in the New Year in fulfilment of a producers’ deal to reduce global output and strengthen prices. Jan. 1 marks the start of the pact by the Organization of the Petroleum Exporting Countries and several non-OPEC […] More »