Despite an increase in domestic crude oil consumption, Venezuela's oil output will continue to decrease, the Financial Times reports.
“A lack of investment, adequate infrastructure and a shrinking cash flow may drag oil production down by 100,000-200,000 b/d in a year,” Francisco J. Monaldi, fellow in Latin American energy policy, told the Financial Times.
Financial Times (subscription required): http://on.ft.com/1NFAk2o
Francisco Monaldi, fellow in Latin American energy policy, discusses the impact of President Nicolas Maduro’s decision to raise Venezuelan oil prices. Reuters: http://reut.rs/1QO8uld.
Francisco J. Monaldi, fellow in Latin American energy poiicy, comments on Venezuela's economy in light of landmark elections that saw the opposition party win control. Los Angeles Times: http://lat.ms/1TQb0ux.
Francisco J. Monaldi, fellow in Latin American energy policy, comments on the impact crude oil on currencies in South American countries in the Chicago Tribune: http://trib.in/1QIA0Cc.
Francisco Monaldi, fellow in Latin American energy policy, discusses the impact of a $5 billion loan Venezuela received from China. The Washington Post: http://wapo.st/1NdRiZm