Bloomberg | Potential US Oil Sanctions Increase Risk of Venezuelan Default Bloomberg Oil output fell to a 14-year low of 1.97 million barrels daily in June, according to data compiled by Bloomberg. Petroleos de Venezuela SA's refineries were operating at 43 percent of their capacity in June amid lack of oil and equipment breakdowns ... Oil settles above $50 a barrel for first time since May Here's how China and India could emerge as the winners of US oil sanctions on Venezuela US considering some sanctions on Venezuela oil sector: sources |