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Weekly Report - 23 October 2014 (WR-14-42)

VENEZUELA: Keep calm and carry on

In just six weeks, the price of Venezuelan oil has dropped by 16% - from US$92.6 per barrel on 5 September to US$77.7/b in the week of 13-17 October. Things are moving quickly in the wrong direction for the country, but the government is sticking to its line that everything is fine.

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