Home Tag "Venezuela"

OPEC Members Iran And Venezuela Could Lose Almost 30 Percent Of Their Oil Output Due To U.S. Sanctions And Economic Upheaval

The International Energy Agency said that OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to U.S. sanctions and economic upheaval, in its first detailed forecast for 2019. The report this morning will increase pressure on a meeting of OPEC and its allies next week to permit […]

FAANG Group Post Mixed Earnings Reports

Low Production By Venezuelan Oil Monopoly And Global Drop In Crude Prices Throw Country Into Crisis.

Although Venezuela sits atop the world’s largest oil reserves, low production by the state oil monopoly and the global drop in crude prices has thrown the Latin American country into crisis. Inflation in the economically struggling nation reached a staggering 2,600 percent last year, underline the problems besetting Venezuela, where food, medicines and other basic […]

Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises