Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity blackouts that rocked the country the month before. Production rose to 768,000 bpd in April, up a modest 28,000 bpd, ending a long string of monthly losses. The data would appear to be positive for Venezuelan President Nicolas Maduro, who managed to fend off a coup attempt in late April and early May. However, the uptick in production may only amount to a temporary…