Venezuela’s Oil Output Can Grow 30%-40% This Year, US Says

Venezuela can bolster oil production by 30% to 40% this year, an increase of roughly 300,000 to 400,000 barrels a day, according to US Energy Secretary Chris Wright.

By Grant Smith, Nayla Razzouk · Bloomberg Markets

Venezuela can bolster oil production by 30% to 40% this year, an increase of roughly 300,000 to 400,000 barrels a day, according to US Energy Secretary Chris Wright.