![Venezuela has been rocked by protests after President Nicolas Maduro won recent elections. Getty Images](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4D7GFIEDNCLYNV7LMLQW4YYP6Q.jpg?smart=true&auth=e6c52fe1a1940fcffea972bc3f5ed32573609af07597b564376ccf6b1b22ca50&width=400&height=225)
Venezuela has been rocked by protests after President Nicolas Maduro won recent elections. Getty Images
Venezuela has been rocked by protests after President Nicolas Maduro won recent elections. Getty Images
Why Venezuela's elections will have an impact on the world oil market
Its oil industry is unlikely to regain the heights of the early 1970s and under ideal conditions, output might recover to 2.5 million bpd by 2030