Wed, Aug 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

How change in Venezuela could hit oil price

Posted on 19 February 2014

Venezuela is in an economic crisis. Inflation is running at more than 50%. There are shortages of basic goods including water and toilet paper. Last month, the central bank was forced to restrict the amount of dollars that it sells at the official exchange rate, a de facto devaluation.
The current crisis may lead to a regime change in Venezuela. That could push down the oil price. It could also open new opportunities for Western oil companies in Venezuela………………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36521 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31