Venezuela cuts oil production by 500,000 barrels a day

by The Associated Press

Venezuela has reduced oil production by 500,000 barrels a day after a slowdown in exports allowed storage tanks to be filled to capacity, a manager at the state oil monopoly said Feb. 28. Crude output is now 1.6 million barrels a day, down from 2.1 million earlier this week, said Luis Marin, manage....