The number of active oil rigs in Venezuela is heading for a second annual decline. Baker Hughes Inc. data published Tuesday showed. That means lower output and a drop in the much-needed dollars the country requires to service its debt. Once Latin America’s largest oil producer. Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.
Tags Baker Hughes Bloomberg News Agency Central America International International Companies International News Agency International Organizations Investment Organization of the Petroleum Exporting Countries (OPEC) Venezuela
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