A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets.
The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply in the midst of an electricity crisis which has paralyzed the country recently.
Other OPEC and non-OPEC nations have stepped in to plug the gap in Venezuela’s shipments, of a similar quality crude, indicating that potential supply chaos would likely be averted but that supply was tightening.
