No government can survive these kinds of
growth numbers The IMF cuts its 2016 Venezuela growth forecast to -12% from
-10%. For 2017, they now see a GDP at -6% compared to -4% previously. Whenever
the government comes crashing down in Venezuela, it's going to have some
repercussions in the oil market. At this point, it might be an upside risk to
production after the initial trouble. The country is producing about 2.15 mbpd
from a peak of almost 3 mbpd in early 2014. More…
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