Venezuela oil exports may soon be ZERO

[dan_s]

Venezuela has been hit by yet another electricity blackout, including much of the capital, Caracas, sowing alarm two weeks after a nationwide outage that paralyzed the country.

Continued blackouts in Venezuela threaten oil production. With its second bout of nationwide blackouts in less than a month, completely halting operations at the nation’s main oil export terminal as well as its heavy crude processing complex. While Maduro continues to blame U.S. sanctions for the power outages, the White House maintains that the matters are entirely unrelated. OPEC will likely chalk up the blow to Venezuela’s oil production to a success, with every dip in the global oil inventory driving up prices.

Read more: https://www.aljazeera.com/news/2019/03/ ... 58552.html