2 million BPD at risk this weekAs VEN Bankruptsy is very likely next week
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Traders also eyed risks from ongoing financial troubles of Opec-members Venezuela and its state oil company PDVSA. The government and PDVSA owe some $1.6bn in debt service and delayed interest payments by the end of the year, plus another $9bn in bond servicing in 2018. The next hard payment deadline for PDVSA is an $81m bond payment that was due on October 12 but on which the company delayed payment under a 30-day grace period. Failing to pay on time again would trigger a default, investors say.