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Venezuelan President Nicolás Maduro last month created a commission with the aim of revamping the country’s oil industry, which he said was in a state of emergency. // File Photo: Venezuelan Government.

What Does Maduro’s ‘Energy Emergency’ Mean for Venezuela?

How much will the latest sanctions hurt Venezuela’s oil production and exports, and will the move ultimately result in significantly more pressure on Maduro to step down?

Francisco J. Monaldi, Massimiliano Ballotta, Javier Coronado, Arturo H. Banegas Masiá, Richard N. Sawaya

Energy Advisor ˙