More than 80% of forex earning for Venezuela comes from oil exports...Already they are in the cliff as most of their oil is being used to pay earlier debts (so no forex from that oil)...so if oil crashes further, then the country might go bankrupt - unless bailed out by China...
9.03 PM Mar 10th
. Venezuela economy crash may also not impact the price as other war affected countries have started pumping more and will the gaps. It will be interesting. But my bet is that increase in flyers and aviation boom for under 1000 km travel will change the landscape of aviation sector.
11.49 AM Mar 2nd
to cut output in the second half, Iran s Oil Minister Bijan Namdar Zanganeh said, according to the Fars news agency. The issue needs further study before the group can make a decision, Zanganeh said, after meeting in Tehran with his counterpart from Venezuela, also an OPEC member.
5.20 PM Feb 8th
Hey hey... oil in the range of 50 - 55 was always required to enable Shale production hedging and increasing the rig count...it also enables Venezuela to stay afloat...keep going with the 27 - 58 range messages...Till then, Spicejet will enjoy the range bound Crude...
10.02 AM Feb 7th