Tankers carrying gasoline and ships transporting food for Venezuela were sabotaged last week to prevent them from reaching Venezuela, Nicolas Maduro said in a televised speech late on Monday. “Last week, sabotage was committed against ten tankers [with gasoline] to prevent them from reaching the Venezuelan coast,” Russian news outlet Sputnik quoted Maduro as saying. Amid political chaos and a raging economic crisis, Venezuela’s oil production has been crumbling, and most refineries and upgraders have stopped producing entirely, operating at zero capacity merely to keep the facilities from being damaged as its buyers look for alternate supplies in the face of US sanctions. Venezuela, the country sitting on top of the world’s largest crude oil reserves, is now producing less than 1 million bpd of oil – just over 750,000 bpd in April, compared to average production of 1.9 million bpd for 2017, as per OPEC’s secondary sources. While […]