"Venezuela recently reported that its monthly crude oil exports had surged past an average of 1.1 million barrels per day (bpd) in March for the first time since September."
"The fact that Venezuela has increased its output runs contrary to the global trend which, according to the Organization of the Petroleum Exporting Countries (OPEC), saw crude oil production drop by 27% in March due to the US-Israeli war with Iran."
"This is one of the initiatives we'd like to advance during Paraguay's pro-tempore presidency, said Marco Riquelme, Paraguay's new minister of industry and commerce."
Iberia has resumed flights to Caracas, and American Airlines plans to return to Venezuela. Paraguay aims to reverse Venezuela's Mercosur suspension during its presidency. This initiative could affect the EU's recent trade agreement with Mercosur. Following the removal of Nicolas Maduro, Venezuela's economic conditions have improved, particularly in the oil sector. Monthly crude oil exports surpassed 1.1 million barrels per day in March, marking a significant recovery. Repsol plans to resume operations in Venezuela, indicating a positive trend in the oil industry despite global production declines.
Read at www.dw.com
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