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The energy crisis in Venezuela can break the oil markets



  An anti-government demonstrator stands next to a national flag during an opposition protest blocking the Francisco Fajardo highway in Caracas on May 27, 2017.

LUIS ROBAYO | AFP | Getty Images

An anti-government demonstrator stands beside the national flag during an opposition protest blocking the Francisco Fajardo highway in Caracas on May 27, 2017. "In the oil market, the International Energy Agency (IEA) warned on Friday, but OPEC Saudi Arabia should have the means to compensate for any further industrial hardship in Caracas.

at certain times, said a group based in Paris.

"Although there are signs that the situation is improving, the degradation of the energy system is such that we can not be sure if the corrections are long-lasting … During the past week, industrial operations have been severely disrupted and current losses on a large scale could be a challenge for the market."

A break from oil exports from a OPEC member country left millions of people trying to find food and water. The day, but many areas are rich in oil, but cash is poor, the country remains without electricity. It is widely expected that habits yni services may not be restored for several weeks – or perhaps months.


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