Venezuela’s state oil producer tells staff to cut costs in half

A sculpture, depicting an oil derrick in a hand, stands outside of the Petroleos de Venezuela SA (PDVSA) building ahead of government debt meetings in Caracas, Venezuela, on Monday, Nov. 13, 2017.
A sculpture, depicting an oil derrick in a hand, stands outside of the Petroleos de Venezuela SA (PDVSA) building ahead of government debt meetings in Caracas, Venezuela, on Monday, Nov. 13, 2017.

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