Venezuelan OilMin: Venezuela oil production recovering from historic low

Venezuela’s Oil Minister and Head of state oil firm PDVSA, Manuel Quevedo, was out on the wires now, speaking in a television interview.

Key Quotes:

“The year 2018 will be one of recovery, after having touched a historic low. We are now near 1.9 million barrels of oil per day, thanks to the workers.”

“Quevedo blames U.S. sanctions and corruption for the problems, echoing President Nicolas Maduro who says Venezuela is suffering from an “economic war” waged by Washington.”