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Tag Archives: a senior director at Fitch Ratings

PDVSA Braces for Oil Production Drop as Default Looms Large

The recent bump in oil prices isn’t enough to help Petroleos de Venezuela SA as it faces its fourth consecutive year of declining production. The company’s crude output is expected to fall this year as it failed to raise cash for investments and after Venezuela agreed to cut 95,000 barrels a day for six months as part of a deal ...

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