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LatinNews Daily - 12 August 2022

In brief: Sharp drop in Venezuelan oil production

* The Organization of the Petroleum Exporting Countries (OPEC) has published its latest monthly oil market report, in which Venezuela claimed to have produced 629,000 barrels of oil per day (bpd) in July. This was down 98,000 bpd on Venezuela’s figures for the previous month. OPEC’s other estimate, based on secondary sources, calculated that Venezuelan oil production in July was 661,000 bpd, down by 49,000 bpd on the June estimate.

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