Working towards production of 1 million barrels of oil per day in the wake of Washington’s easing of sanctions, Venezuelan Oil Ministry officials said on Wednesday that output had reached 850,000 bpd and the country was on its way to recovering market share, Reuters reports. The production volume reached as of the Venezuelan Oil Ministry’s statement on Wednesday is up from October output of 786,000 bpd. Speaking to journalists on the sidelines of a Caracas oil conference, Reuters cited Venezuela’s deputy…
