UPDATE 1-Crisis-hit Venezuela's oil output plummets in 2017 to decades low
January 18, 2018 at 12:35 PM EST
HOUSTON/CARACAS, Jan 18 (Reuters) - Venezuela's crude oil production fell nearly 13 percent last year, according to figures released by OPEC on Thursday, hitting a 28-year annual low that points to a deepening economic crisis and increased chances of a debt default.