Venezuelan oil output is set to fall by around a tenth this year due to power shortages, a cash crunch and a drop in activity at foreign oil service companies, the International Energy Agency said on Wednesday.
"Lower oil prices and sliding production are a double whammy for Venezuela, which is caught in the grip of an economic and political crisis," the IEA, which advises industrialized nations on energy policies, said in a monthly report.
"As the cash crunch deepens, there is growing concern that acute shortages of food and medicine could trigger nationwide rioting," it added .... http://www.reuters.com
