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Tag Archives: venezuela
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge. In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morningfollowing news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC […]
Venezuela Default Probability Has Never Been Higher; Maduro “Working To Raise Oil Prices” | Zero Hedge
Venezuela Default Probability Has Never Been Higher; Maduro “Working To Raise Oil Prices” | Zero Hedge. With OPEC slashing demand expectations to 12 year lows, oil prices have re-cratered today putting further pressure on socialist-utopia Venezuala which needs $121/bbl to break-even. Credit risk for the South American nation has exploded today to record highs – implying […]
“Cash-Strapped” Venezuela Stares Into The Abyss… And Its Default Risk Goes Parabolic | Zero Hedge
“Cash-Strapped” Venezuela Stares Into The Abyss… And Its Default Risk Goes Parabolic | Zero Hedge. Some two weeks ago (when Venezuela CDS was trading at only 2300 bps) we previewed what – with almost absolute certainty – would be the first “casualty of the crude carnage” – Nicholas Maduro’s little socialist paradise that couldn’t: Venezuela. As a reminder, back then […]
Why a Moscow meltdown could spread around the globe | World news | The Observer
Why a Moscow meltdown could spread around the globe | World news | The Observer. Russia matters. It mattered in 1998 when the shock waves from its debt default reverberated around the world. And it would matter again should the plunging oil price lead to economic collapse. That’s despite the fact that Russia is a […]
Venezuela “Boosts” Reserves With Rocks, Other “Easily Converted To Cash” Stuff; Suffers Major Blackout | Zero Hedge
Venezuela “Boosts” Reserves With Rocks, Other “Easily Converted To Cash” Stuff; Suffers Major Blackout | Zero Hedge. With its bonds trading at 50% of face value, CDS implying an 84% chance of default, a black-market FX rate that signals massive devaluation is likely, and a teetering-on-the-brink of social unrest population entirely dependent on President Maduro’s […]
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84%
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% Fracking, Tar Sands, & OPEC Meet Decades of Mismanagement OPEC member Venezuela has one of the largest oil and natural gas proven reserves in the world. It’s the 12th largest producer in the world. It’s still one of the top suppliers of crude […]
Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge
Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge. With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet (as the Ruble slides with the falling oil price stabilizing domestic inflows), the ‘secret’ Saudi-US oil dealthat pressured prices for crude down to $80 (18-month lows today) has ‘hurt’ a […]
