Download PDF Introduction Venezuela sits on top of the world’s largest proven oil reserves, encompassing over 300bn barrels. Nevertheless, its citizens suffer under one of the most severe economic collapses of the 21st century, where GDP has contracted around 65%, hyperinflation has reached millions of percent, and over 8m citizens Read more…
Download PDF Introduction Venezuela is going through one of the worst political and economic crises in the world. The currency is crashing again, inflation is returning to triple digits, and the president is thought to be the head of a narco-trafficking cartel. Moreover, the United States is increasing sanctions and Read more…
With this series of articles, BSIC will present the supply and demand dynamics of the oil industry which are most relevant to create well-grounded predictions of the future. This week’s article will focus on the supply side trends including supply disruption resulted from geopolitical issues, pipeline construction projects around the Read more…
Several investors have kept an eye open on oil this week putting all their hopes in the long-awaited OPEC meeting held on Thursday. Opening this week at $80.50 per barrel, the decisions of the OPEC meeting provoked an intraday drop of 6.65 percentage points in Brent crude prices on Thursday, Read more…