crude output

Venezuela may have to start shutting oil wells soon

December 18, 2025

(Oil Price)– Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources. According to the sources, the biggest oil storage hub and tankers at Venezuelan ports could fill up within 10 days, prompting production curbs. Earlier this week, Reuters reported that some 11 million

New Mexico studies oil drilling restrictions that would hit output, revenue

October 25, 2024

(Investing) – NEW YORK – New Mexico, the second-largest oil-producing state in the U.S., is studying new restrictions on drilling that would hit up to 5.4% of its future crude output and result in billions of dollars in lost revenue, the state’s chief economist said this week in a report. The study examined proposed setbacks – or restrictions on how close

Venezuela may have to start shutting oil wells soon

New Mexico studies oil drilling restrictions that would hit output, revenue

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