
The Venezuelan regime has begun shutting oil wells as it runs out of storage facility due to the blockade of sanctioned tankers imposed by the Trump administration, according to a new report.
Bloomberg detailed that Caracas is seeking to reduce production in the Orinoco Belt by at least 25% to half a million barrels a day. The figure amounts to 15% of the country's daily output of 1.1 million of barrels a day.