How Venezuela's Election Unrest Will Impact Global Oil Markets

Last week, Venezuela’s sitting President Nicolás Maduro was declared the winner of the country’s presidential vote, plunging the country into widespread protests amid glaring election irregularities. The 61-year-old Maduro beat the elderly opposition candidate, 74-year-old Mr González Urrutia, despite exit polls showing the latter garnering 65% of the vote. The relatively unknown González was selected as a last-minute stand-in for opposition powerhouse Maria Corina Machado, who was blocked by the Maduro-controlled…