CoinDesk’s Leigh Cuen and adult content creator Allie Awesome talk about payments and money in the sex industry, especially the trends impacted by the coronavirus crisis....
(Bloomberg) -- Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with U.S. sanctions continuing to cripple the country’s exports.Venezuela’s state-run oil company Petroleos de Venezuela SA lowered its production estimates to 374,000 barrels a day as of Wednesday, according to a document seen by Bloomberg, a level not seen since 1945. Its slide is a result of U.S. sanctions that have scared most of the world’s oil buyers away from Venezuelan crude, resulting in a storage glut that forced it to shut fields across the nation.PDVSA’s production estimate is 57% lower than planned output, according to the document. The projection -- which takes into account oil wells performance registries -- is also a stark contrast with the 550,000 barrels a day production reported by secondary sources to OPEC in May.A PDVSA press official declined to comment.The drop comes amid increased...
The coronavirus has certainly wreaked the most economic havoc, in absolute terms at least, of any plague we’ve ever faced, certainly in modern times....
