Tuesday, September 17, 2024
Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela’s Impact on Oil Markets Could Be Far Worse than Expected: RBC’s Croft

RBC Capital Markets analysts said while oil production in crisis-plagued Venezuela is poised to “plunge” in 2018, the extent of its losses could be far worse than investors were anticipating From CNBC An attendant sits at a closed Petroleos de Venezuela SA (PDVSA) gas station in Caracas, Venezuela, on Friday, Sept. 22, 2017. Oil traders expecting steep production losses from

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