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Wracked by decades of economic mismanagement by Hugo Chávez, the South American oil producer was already struggling to pay its debts when new president Nicolás Maduro came to power.
The collapse in oil prices is hurting pretty much everyone, but some areas--core shale regions, and the Gulf of Mexico--will weather the storm better than others
One way for investors to hedge their bets is to look away from the shale cash cows and towards underexplored conventional plays that don’t require expensive horizontal drilling or fracking for extraction.
Buy transportation stocks, Sort the Service Companies, Sort the Oil Price, Shift your individual stock holdings to an energy ETF, Buy low-cost, low-debt producers
Low oil prices are not just a problem for oil companies. Investment funds, hungry for yield in a low interest rate environment, have poured money into oil and gas
When a multitude of companies start pouring millions of dollars into gas gathering and processing infrastructure, you have to figure that they know they are sitting on a bounty
A deal could see the return of several million barrels per day of Iranian oil production | OPEC members plead their case with Saudi Arabia to cut back production
For every barrel of oil the industrialized world expects to eliminate from demand through efficiency or other ways of reducing demand, developing countries will burn through two additional barrels
Rig counts are starting to drop, but due to the long lead time for most oil projects, it could be a while before production begins to decline in a significant way
President Poroshenko’s stated goals to rebuild the economy and make it attractive to outside investors appear overly ambitious at best, and utterly impossible at worst