Venezuela

Global Markets: Trafigura To Stop Oil Business With Venezuela

Posted on February 19, 2019February 21, 2019 by Mozambique Resources Post

Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela, Reuters reported on Friday, quoting a source with direct knowledge of the plans.

Global Markets: The five oil exporters most affected by currency devaluation

Posted on February 16, 2016 by Mozambique Resources Post

Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies, according to

OILPRICE: If A Cut Is Going To Come It Won’t Be From OPEC

Posted on February 15, 2016 by Mozambique Resources Post

The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The charts do not include Indonesia. That will be added within the next few months when I am able to get better historical data for Indonesian crude only production.

FROM OILPRICE.COM: Five countries most affected by the oil price crash

Posted on March 13, 2015March 13, 2015 by Mozambique Resources Post

Since June 2014, global oil prices have dropped by more than 50%. The drop could strongly affect the economic and political stability of these five oil exporting countries. Oil prices make winners and losers. In general, oil importers will gain from low prices, while most oil exporters will suffer. Still, there are differences. While the United States, Norway, and the Gulf States can protect themselves with diversified economies and high hard currency reserves, the oil shock…