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RIO DE JANEIRO, BRAZIL - The latest monthly report of the Organization of Petroleum Exporting Countries (OPEC) shows a decline in Venezuelan production from 555,000 barrels per day (bpd) in May to 356,000 barrels in June.

Venezuela's oil production has been steadily declining for three years, from an average of 1.911 million bpd in 2017 to 1.354 in 2018 following the Subscribe to our Premium Membership Plan. Already Subscribed?