Summary Venezuela’s economic and political deterioration will continue to have important implications for the country’s oil industry. As of 2013, U.S. oil imports from Venezuela account for 8 percent of total U.S. imports, making Venezuela the fourth-largest U.S. supplier. This report employs three scenarios to examine Venezuela’s potential oil production given future economic and political … Continue reading How Venezuela’s Economic and Political Distress Impact the Oil Sector […]

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