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Where is Venezuela’s rock bottom?

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Listen: Where is Venezuela’s rock bottom?

Venezuela’s oil sector is in freefall, but where will it stop?

On this week’s podcast, Francisco Monaldi, the Latin American energy policy fellow at Rice University's Baker Institute for Public Policy, tells Meghan Gordon and Brian Scheid that Venezuelan output may decline another 400,000 b/d before the end of the year. Monaldi talks about Citgo’s future, the likelihood of sanctions following the firing of Secretary of State Rex Tillerson and what a PDVSA default means for the world market.

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