Monday, June 15, 2026

Venezuelan Oil Production In ‘Free Fall’: IEA’s Birol

From Reuters Venezuela’s crude production was in “free-fall” and could soon fall below 1 million barrels per day (bpd), the International Energy Agency’s Executive Director Fatih Birol said on Tuesday. Speaking to Reuters on the sidelines of the Africa Oil Week conference in Cape Town, Birol also said that he hoped oil prices would not rise above current levels this