Venezuela moves to cut oil output due to U.S. export embargo

Name: Venezuela moves to cut oil output due to U.S. export embargo
Uploaded: 2026-01-05T13:26:32.947Z
Duration: 1 min 31 s
Description: Venezuelas state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang on to power in the face of U.S. threats of more military action.

Reuters · Current

Reuters

Current

Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang on to power in the face of U.S. threats of more military action.