World News: 17:23 GMT Friday 15th March 2019. [Oil and Gas Journal General News via SPi World News]
Until recently, Venezuela’s oil production had stabilized at about 1.2 million b/d. However, the country’s recent electricity crisis has paralyzed it for substantial periods of time. In its Oil Market Report for March, the International Energy Agency warned that, as Venezuela’s industry operations were seriously disrupted by the crisis, ongoing losses could present a challenge to the oil market.
Read More: https://www.ogj.com/articles/2019/03/iea-oil-supply-cushion-insures-against-venezuela-production-loss.html
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