mo4ch:>Venezuela electricity crisis may ‘challenge’ global oil market – IEA | Mo4ch News

Crude supplies from Venezuela are at risk of falling sharply and becoming a challenge for the world’s oil market, the International Energy Agency (IEA) warns in its monthly report.The power crisis in the South American country that disrupted crude exports this week could return or worsen, threatening 1.2 million barrels per day (bpd) of oil supplies, or more than one-percent of global output.“Although there are signs that the situation is improving, the degradation of the power system is such that we cannot be sure if the fixes are durable,” the IEA said.Also on rt.comChina offers help to Venezuela to restore power amid nationwide blackoutA blackout hit Venezuela on March 7, as national electricity supplier Corpoelec reported “sabotage” at a major hydroelectric power plant called Guri. Power outages have been reported in 21 of the 23 Venezuelan states. On Tuesday, Venezuelan Minister of Communication and Information Jorge Rodriguez said that operations of the country’s power grid have…