A man walks past a mural depicting an oil pumpjack on a Venezuelan flag in Caracas on Jan. 15, 2026. Pedro Mattey/AFP via Getty ImagesVenezuela is pumping more crude oil while Iran’s output is plummeting, the Organization of the Petroleum Exporting Countries (OPEC) said in a new report released on June 11.Total OPEC crude production averaged 33.13 million barrels per day in May, down by 185,000 daily barrels from the previous month.
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Monday, July 27, 2026
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