A bus burns near La Carlota military base in Caracas, Venezuela. The longer the uprising that began April 30 in Venezuela lasts, the more it risks disrupting the country's oil production.
The attempted military uprising in Venezuela in support of opposition leader Juan Guaido carries with it significant risks for Venezuelan oil production. The uncertainty over how many military units support Guaido and how far they will go to pressure the government of President Nicolas Maduro will be the main risk in the coming days. Though virtually all known military movements have taken place in the cities of Caracas and Maracay — far away from Venezuela's extensive oil production and export infrastructure — the country's oil production could become a key factor as the uprising develops. What's at Risk? As the uprising that began early on April 30 continued, Guaido's attempt at maintaining momentum behind the opposition's bid for regime change was focused largely in central Caracas and in Maracay, Aragua state.
