Q&A-What do protests in Venezuela mean for the oil industry?


  • World
  • Wednesday, 26 Feb 2014

HOUSTON (Reuters) - Two weeks of violent protests in Venezuela have killed at least 13 people and raised doubts about what the unrest could mean for the oil industry, which accounts for 96 percent of the OPEC member nation's hard currency income.

Rampant crime, a deteriorating economy with rocketing inflation and shortages of staple consumer goods are putting pressure on President Nicolas Maduro, who narrowly won an election last April.

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