End of Venezuela’s Oil Fortune Looms Over Maduro’s Regime
(Bloomberg) -- Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for 95% of foreign currency inflow to the country tumbled by almost half this month, after hitting a 73-year low in May. The plunge comes as U.S. sanctions continue to target Venezuela, home of the world’s world’s largest oil reserves.
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