Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows soon, an industry report found. State-backed oil company Petróleos de Venezuela, known commonly as PDVSA, notified 11 of its international customers earlier this month that it wouldn’t be able to meet contractual obligations of 1.5 million barrels per day. According to commodity pricing group S&P Global Platts, PDVSA had only 694,000 barrels per day available for shipments. “As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting production,” its report, emailed to UPI on Tuesday, read. “PDVSA’s refining sector has also deteriorated on a lack of funds and manpower.” PDVSA is facing mounting obligations […]