'Zero barrels conceivable': Venezuela oil output slumps to lowest level in decades

IHS predicts Venezuela’s demise as an oil producer will have little to no impact on global markets

Output down: oil production in Venezuela has collapsed under the leadership of President Nicolas Maduro — Output down: oil production in Venezuela has collapsed under the leadership of President Nicolas MaduroPhoto: AFP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Venezuela Opec IHS Markit Nicolas Maduro Juan Guaido

Published 17 August 2020, 15:29Updated 17 August 2020, 15:29