IEA’s Birol: Venezuela one of the biggest risks in the oil market in the coming months

The International Energy Agency (IEA) Executive Director Faith Birol was reported by Reuters, as saying that Venezuela is one of the biggest risks in the oil market in the coming months.

Birol added that he could see a free fall in oil output from Venezuela.

His comments come after Venezuela’s Nicolas Maduro won the presidential election for another six-year term, suggesting that he will be responsible for the nation’s crushing financial and economic crisis.