Venezuela Will Miss 1.7 Million Barrels

Venezuelan crude production will not reach 1.7 million barrels per day in 2026 according to OPEC monthly figures. OPEC recorded 1.179 million bpd in May 2026 and PDVSA and foreign partners averaged 1.155 million bpd that month, and PDVSA's own guidance of 1.37 million bpd by December 2026 will fall…