America and Venezuela settle on oil and gold
Reports indicate that Venezuela aims to reduce its oil production by 30,000 barrels per day during the first half of 2026, as part of its efforts to cut overall output by 1.7 million barrels per day since the beginning of 2019. This decision follows an agreement between OPEC and its allies to gradually reduce production, with Venezuela targeting a production level of 2 million barrels per day, compared to a record high of around 2.35 million barrels before the economic and political crisis. This step is part of the government's strategy to stabilize the oil market, with expectations of rising global crude prices and improved national revenues.
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