Venezuela’s PDVSA oil revenue tumbles amid lower prices, production

12 August 2017, Caracas — Venezuelan state oil company PDVSA’s revenue from oil and fuel sales in 2016 dropped 34 percent from the previous year to $48.0 billion, the company said in its annual financial results published Friday night, hurt by lower production and oil prices. Net profit crashed nearly 90 percent to $828 million […] More »