China is moving into the United States' backyard——but it's not clear if its Latin America investments are a negative for American interests.» Read More
CNBC's Michelle Caruso-Cabrera reports on weakness in both the Russian and Venezuelan bond market as oil prices continue to pressure government bonds.
Days after OPEC decided not to give into Venezuela's plea to cut oil production, Caracas is on a cash-searching mission.
Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.
This is not a great time to be an oil producer, but some countries are hurting more than others.
NEW YORK, Dec 5- The dramatic drop in oil prices has Venezuela struggling to cover financing gaps. "If present policies are held unchanged, the market sees the height of default risk in two years time," said Michael Roche, emerging markets fixed-income analyst at the Seaport Group. Venezuela's Expected Default Frequency- Moody's market-based measure of credit...
Dan Eberhart, CEO at Canary, says there is a "battle royale" going on between OPEC and U.S. shale producers.
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.