While Venezuela subsidizes Scotch and Barbie dolls with currency controls, medical supplies and consumer staples are in short supply.» Read More
Ian Bremmer, Eurasia Group president, discusses the impact of oil's decline on Venezuela, Nigeria, and Russia.
For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.
The drop in oil prices affects Latin American countries in different ways when it comes to investment, says Juan Sartori, founder and executive chairman at Union Group - especially Brazil and Venezuela.
Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price, Foreign Minister Rafael Ramirez said on Thursday, despite OPEC's refusal to cut output as the cash-strapped South American country had aggressively pushed for. Saudi Arabia blocked calls from poorer members of the OPEC oil exporter group for production...
CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price which it still thinks should be around $100, Foreign Minister Rafael Ramirez said on Thursday.
The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.
Everyone is talking about it ahead of OPEC’s meeting, but "Mad Money" host Jim Cramer has the insight on where he sees oil prices headed.
Jim Cramer speculates where the direction of oil prices will go following the OPEC meeting on Thursday. Could we be in a sweet spot for oil?
Chad Mabry, Analyst, Energy & Natural Resources at MLV & Co, is expecting OPEC to cut output to 29.5 million barrels a day from 30 million barrels currently.
Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.
Money managers are looking for a reason to buy right now, and Jim Cramer is here to help. He goes sector by sector to offer his pick of hot stocks.
*State-run oil company is seeking 8 cargoes of gasoline, ULSD. PARAGUANA, Venezuela/ HOUSTON, Nov 10- Venezuela is rushing to import up to 2.4 million barrels of diesel and gasoline after power outages hit its main refining complex, an unusual buying spree that has boosted U.S. and European fuel prices and threatens to worsen the OPEC member's financial woes.
Countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit.