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Venezuela Oil Problems

The growing problems for oil in Venezuela

As OPEC’s economically weakest member, Venezuela was one of the organisation's strongest advocates for cuts in production in order to raise global oil prices but it faces significant problems in oil production, exporting and revenues

US crude production set to recover

Cuts in crude oil production by OPEC – plus some from its allies – and the boost in oil prices are proving highly beneficial to producers in the US, who are now able to restore reductions in their output forced on them by last year’s low prices