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Venezuelan electricity crisis can disrupt the oil markets



  An anti-government protester is standing next to a national flag during a protest protest blocking the highway Francisco Fajardo in Caracas on May 27, 2017.

LUIS ROBAYO | AFP | Getty Images

An anti-government protester is standing next to a national flag during a protest against protests against the block by Francisco Fajardo in Caracas on May 27, 2017.

A nationwide power outage in crisis-hit Venezuela can trigger "serious disturbances" in the oil market warned International Energy Agency (IEA) Friday, but OPEC Kingpin Saudi Arabia should have the means to compensate further production problems in Caracas.

The exit weakened the oil exports of OPEC member states and left millions of citizens struggling to find food and water.

The force was restored to much of Venezuela on Tuesday day, but many areas of the oil-rich, but poor, country remain without electricity. It is generally expected that normal services may not resume for weeks – or possibly months.


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