Breakingviews on Twitter
Search League Tables

Saturday, 25 June 2016

Chavez's new oil reserves likely to stay buried

Oil, oil everywhere

Leapfrogging Saudi's oil reserves gives the Venezuelan strongman bragging rights. But with output down 25 pct since 2000, citizens and oil users should hold their applause. Only with better Brazilstyle relations with foreign firms and a revamped PDVSA will production ramp up.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)