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Venezuela’s Oil Output Inches Up, but India Turns Away

Venezuela's July oil output edged up to about 1.12 million barrels a day, but its crude exports to India fell sharply, underlining a slow recovery under US sanctions.

  • Venezuela's oil output rose slightly to 1.12 million barrels per day in July.
  • India cut Venezuelan crude imports to 178,000 barrels daily in July.
  • US sanctions hinder Venezuela's oil trade, affecting revenue despite higher output.

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