The cold logic of the oil market dictates that crisis usually equals profit. That’s because a crisis in oil usually means a supply crisis, as some large producing country becomes embroiled in war or civil unrest or sanctions or some other geopolitical mess.The country currently occupying the unenviable position of being the likeliest source of a supply shock is Venezuela. The collapse in oil prices has savaged the country’s economy and brought political tensions to a head in the form of a constitutional crisis, mass protests and, particularly over the past week or so, looting and fatalities.From the oil market’s perspective, the question is whether Venezuela’s intensifying problems will cause an outright collapse in its production, currently running at about 2 million barrels a day. It’s a bit more complicated than that, though.Venezuela’s supply has slumped already: More…
Dan Yergin on Venezuela's 'slow moving collapse'
Venezuela calls creditors to meet as default looms
Lima Group Statement Oct 2017
Key documents On Venezuela
- US State Dpt ->Venezuela: Political Prisoners Should be Released Immediately
- Treasury Sanctions Prominent Venezuelan Drug Trafficker Tareck El Aissami and His Primary Frontman Samark Lopez Bello
- IACHR Concerned about Situation of Venezuelan Migrants and Calls on States in the Region to Implement Measures to Protect Them