Venezuela oil outlook shows few grounds for optimism
Even a radical change of policy might be too little, too late, and could even undermine near-term stability
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In this article
- Tipping point?
- Production and prices
- Debt doubts
- Joint ventures
- Production shortfalls
- Remaining options
- Change of government
- Demand challenges
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This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
-3_350.jpg "Graffiti at a petrol station: “PDVSA is oil” (Reuters/Marco Bello)")