OPEC’s decision last week to leave production output unchanged has left some member countries reeling. While large producers in the cartel like Saudi Arabia and Kuwait continue to weather the storm as oil prices continue their downward plunge, other countries are facing an increasingly grave situation at home. Venezuela, in particular, seems to be at risk of troubles at home caused by the low price of oil.

Oil makes up around 95% of Venezuela’s exports and is the primary source of its foreign currency reserves. The International Monetary Fun...


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