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Venezuela’s PDVSA produced between 926,000 and 965,000 bpd of crude oil last month, up by as much as 20 percent from the previous month when the average was 761,000 bpd, unnamed sources close to the company told Reuters. The output of superheavy oil in the Orinoco belt where most of Venezuela’s oil wealth is concentrated averaged 465,000-502,000 bpd last month. Exports of crude were even higher, the sources said. These exceeded 1 million bpd in November, including crude oil and fuels. Internal reports showed the increase was thanks…

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