XM does not provide services to residents of the United States of America.

Power returns to most of Venezuela after Friday's blackout



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Power returns to most of Venezuela after Friday's blackout</title></head><body>

CARACAS, Aug 31 (Reuters) -Electricity returned to Caracas and other parts of Venezuela on Saturday after a blackout plunged much of the country into darkness on Friday, although Reuters witnesses reported continued intermittent outages in the oil-producing state of Zulia.

Venezuela's government blamed the massive blackout that crippled the South American country on an "attack" on the country's largest dam, Guri, without providing additional details.

"The first thing I thought was that the food was going to spoil, and it was so expensive to buy,” said Jose Rincon, a teacher who lives in the central city of Valencia. "When you think everything is bad, it seems like it just gets worse."

Reyner Acosta, a 62-year-old retiree in Maracaibo, the capital of Zulia, said the electricity came back early Saturday morning, only to get cut off once again.

"We were struggling because the electricity came and went," he said while shopping at a market to replenish food that had gone bad while the power was out.

Experts say the blackouts that have plagued Venezuela for years are due to lack of maintenance and disinvestment from the electrical system.

In 2019, a series of nationwide power outages hit Venezuela and lasted days. At the time, Venezuelan authorities also attributed the blackouts to attacks by the opposition.



Reporting by Mayela Armas in Caracas, Mircely Guanipa in Maracay, Tibisay Romero in Valencia, Mariela Nava in Maracaibo, María Ramírez in Puerto Ordaz and Tathiana Ortiz in San Cristóbal; writing by Laura Gottesdiener

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.