CARACAS, Wednesday September 11, 2013 | Update

OPEC: Venezuela's oil output drops 2.42%

Production in August stood at 2.77 million barrels per day

In August, Venezuela made up 8.63% of OPEC total output (File photo)
Wednesday September 11, 2013  01:15 PM
Venezuela's decreasing oil production continued in August according to information disclosed by the Organization of Petroleum Exporting Countries (OPEC) and furnished by Venezuelan authorities.

In its monthly report, OPEC states Venezuelan oil output in August averaged 2.77 million barrels per day, descending 2.42% with respect to a year earlier when output hit 2.84 million barrels.

Compared to July this year, oil output increased 0.69% to 19,000 barrels per day.

In August 2013, Venezuela made up 8.63% of OPEC total output, a slight fall as against August 2012.

Translated by Jhean Cabrera
Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

  •  Read