Fri, Sep 30, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, People more

Oil markets barely notice Chavez’s death

Posted on 11 March 2013

President Hugo Chavez relished using Venezuela’s oil wealth to project power internationally, nudging OPEC to raise oil prices when he could, showering allies like Cuba and Nicaragua with subsidized oil shipments, and mocking the United States while selling it his crude.
But Chavez’s death Tuesday has had surprisingly little impact on global oil markets, highlighting how Venezuela’s dwindling crude production and exports have undercut its global power in recent years………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47920 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930