Collapsing is a very gentle word for what we suffer

March 14, 2019 1:25 PM
Updated March 14, 2019 2:15 PM

The economist Luis Oliveros indicated that the word collapse is "very mild" to refer to the situation of public services that exists in Venezuela.

"Oil production continued to fall in February, OPEC said. Imagine the number we will have in March, with the sanctions already consolidated, the electrical disaster and now fire in the improver," he posted on Twitter.

Oliveros referred to the oil production of Venezuela, which fell in the month of February, according to figures published by the Organization of Oil Exporting Countries.

OPEC's monthly report indicates that the total production of the cartel fell 221,000 barrels per day to 30.54 million barrels per day in February. The organization asked the United States government Monday to contribute to the stability of the oil market.

More than half of this decrease is explained by the crisis in Venezuela, where production fell 142,000 barrels per day compared to January.

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