Reuters | US says Venezuela guilty of oil sector 'malpractice' Reuters Output from Venezuela, which sits atop the world's biggest oil reserves, was 2.37 million barrels per day (bpd) in May, down 5 percent from April and 11 percent from last year's average, according to OPEC data. "Venezuela has committed malpractice when ... Venezuela's oil production could fall half a million barrels a day in 2016, Barclays says |