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COVID-19 Information and Guidance

Maduro begins second term as Venezuela goes into Meltdown

2019 will bring further economic hardship to Venezuelans as the economy shrinks and oil output continues to plummet. Energy fellow Francisco Monaldi expects production to bottom out at 850,000-900,000 barrels a day. Declines could be steeper if oil prices fall below $50 a barrel, he said. Financial Times (subscription required):