Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-07-27 18:35:00

VENEZUELA NEED MONEY

VENEZUELA NEED MONEY

 

OIL PRICES JULY 2016

 

OIL PRICES AUG 2015 - JUL 2016

 

VENEZUELA  OIL FIELDS PIPELINES MAP

 

According to REUTERS, Declining risk premiums on Venezuelan debt have opened the door for the South American nation to borrow on international capital markets, economy Vice President Miguel Perez said on Tuesday.

Venezuela and state oil company PDVSA face heavy debt payments this year amid weak oil markets and continuing decay of its socialist economic model. Neither have been able to borrow in recent years because the extremely high yields have made such operations too costly.

"We see how country risk, which is a very important indicator, has fallen more than 1,100 points ... which guarantees (that we can) go out into international markets to seek new sources of financing for the republic," Perez said in comments on state television.

Perez did not offer further details.

Venezuelan bonds on average yield some 2,600 basis points more than comparable U.S. Treasury notes, according to JPMorgan's EMBI Global Diversified Index .JPMEGDVENR.

That rate had topped 3,300 basis points earlier this year, at the height of concerns that Venezuela or PDVSA would default on its bonds. Investor confidence has recovered since then as oil prices have risen, though Venezuela's yields remain the highest of any emerging market nation.

PDVSA last year said it would seek a debt swap for this year's heavy maturities, which include $3 billion in principal payments. But investors say there has been little movement on that proposal, which would require the company to issue new debt.

President Nicolas Maduro notes the ruling Socialist Party has never missed a debt payment and accuses adversaries of fueling default rumors to weaken his administration.

He has described the high yields on Venezuela's debt as a "financial blockade" against his government.

PDVSA last issued global bonds in 2014, while Venezuela last sold bonds in 2011.

-----

Earlier: 

VENEZUELA - CHINA TALKS 

VENEZUELAN OIL DOWN 

BRAZIL & VENEZUELA IN SHOCK 

ROSNEFT & PDVSA COOPERATION 

ROSNEFT & PDVSA DEVELOPMENT

 

 

 

Tags: VENEZUELA, OIL, PRICES, PDVSA

Chronicle:

VENEZUELA NEED MONEY
2018, September, 24, 15:05:00

SAUDI ARAMCO WANTS +50%

ARAB NEWS - Saudi's Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company's top official said on Monday.

VENEZUELA NEED MONEY
2018, September, 24, 15:00:00

U.S. RIGS DOWN 2 TO 1,053

BAKER HUGHES A GE - U.S. Rig Count is down 2 rigs from last week to 1,053, with oil rigs down 1 to 866, gas rigs unchanged at 186, and miscellaneous rigs down 1 to 1. Canada Rig Count is down 29 rigs from last week to 197, with oil rigs down 13 to 135 and gas rigs down 16 to 62.

VENEZUELA NEED MONEY
2018, September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

REUTERS - International benchmark Brent crude for November delivery LCOc1 was up 26 cents, or 0.33 percent, at $78.96 a barrel by 0647 GMT. U.S. West Texas Intermediate crude for October delivery CLc1 was up 7 cents, or 0.10 percent, at $70.39 a barrel.

VENEZUELA NEED MONEY
2018, September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

BLOOMBERG - Russia's oil output is currently fluctuating between 1.54 million and 1.55 million tons a day -- driven mainly by state-run giant Rosneft PJSC -- the official said, asking not to be named as the information isn’t public yet. That equates to 11.29 million to 11.36 million barrels a day, beating the previous record of 11.25 million barrels a day set in October 2016 before Russia agreed with the Organization of Petroleum Exporting Countries to cut production.

All Publications »