PDVSA

What Trump's Venezuela Sanctions Will Do To Oil Prices: Barclays Explains

"A sharper and longer disruption could raise oil prices at least $5-7/b and flatten the curve structure despite an assumed return of some OPEC supply, a more robust US shale response, and weaker demand. It may be just the opportunity OPEC needs to exit its current strategy." - Barclays

One Way Or Another – Venezuela Will Send Oil Prices Up

What happens next is unclear. The government and the opposition are heading for a major clash over the July 30 vote to revise the constitution. The opposition fears a dictatorship-in-the-making. But either way the country’s economy is standing at the abyss. There is no way out of the downward economic spiral for Venezuela in the short run without significantly higher oil prices.

Bond Selloff Returns As EM Fears Rise; Oil Slides; BOJ Does Not Intervene

U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent "show and awe" from OPEC.

Goldman Accused Of Funding Maduro's Dictatorship

The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country.

Venezuela: Forty Years Of Economic Decline, Part 2

The Venezuelan case serves as a strong warning to many a European country with crumbling welfare states and growing social discontent. Sooner or later, unsustainable transfer systems are bound to collapse and social disorder ensues. Left unchecked, socialism only creates a vicious cycle of interventionism that leads to more chaos and misery.