Oil prices crash – Summaries of news and views OnVenezuela https://onvenezuela.com Wed, 22 Apr 2020 14:52:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Oil prices crash – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 The End of the Oil Era https://onvenezuela.com/the-end-of-the-oil-era/?utm_source=rss&utm_medium=rss&utm_campaign=the-end-of-the-oil-era Wed, 22 Apr 2020 14:52:50 +0000 https://onvenezuela.com/?p=2802

Yesterday, Venezuela entered the post-petroleum era. With oil prices for May delivery falling sharply below zero, the country faced the prospect of life without any oil revenue for the first time in over 100 years. Venezuela without oil money is not the Venezuela any of us know. It’s an epochal change.  By Francisco Toro. Full text- -> Caracas Chronicles

]]> Sanctions-Hit Venezuela Offers Big Discounts as Oil Prices Collapse: Traders https://onvenezuela.com/sanctions-hit-venezuela-offers-big-discounts-as-oil-prices-collapse-traders/?utm_source=rss&utm_medium=rss&utm_campaign=sanctions-hit-venezuela-offers-big-discounts-as-oil-prices-collapse-traders Wed, 11 Mar 2020 12:32:52 +0000 https://onvenezuela.com/?p=1958

 Venezuela’s oil company PDVSA is this week offering discounts of up to $23 per barrel on its flagship crude, traders said, as a collapse in global oil prices puts more pressure on the state-run firm, already reeling from tightening U.S. sanctions. By Marianna Parraga and Luc Cohen. Full text-> The New York Times

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