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Venezuela’s electricity crisis could disrupt oil markets



  An anti-government protester stands near a national flag during a protest of the opposition that blocked the Francisco Fajardo highway in Caracas on 27 May 2017.

LUIS ROBAYO | AFP | Getty Images

An anti-government protester stands near a national flag during a protest of the opposition blocking the Francisco Fajardo Highway in Caracas on May 27, 2017.

An interruption of power at the national level in Venezuela hit by the crisis could trigger "serious interruptions" to the oil market, the International Energy Agency (IEA) warned Friday, but the Saudi Arabia of the OPEC should have the means to compensate for any further production problems in Caracas.

Power was restored in much of Venezuela on Tuesday, but many areas in the oil-rich but poor-money country remain without electricity. It is widely expected that normal services cannot resume for weeks – or perhaps months.


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