Insight
Venezuela debt default: implications for oil
Report summary
Venezuela faces considerable debt repayments in 2017 and debt default is a key risk. Economic strain is worsening as inflation skyrockets. In a worst case scenario, debt default in 2017 could impact over 300,000 b/d of oil supply in 2018. Heavy oil projects in the Orinoco would be most affected. This would help ease the global oversupply in the second half of 2018 and be price supportive.
Table of contents
- Growing political pressure, but no major reform anticipated
- Economic strain worsening as inflation skyrockets and debt repayments mount
- Over 300,000 b/d of oil production in 2018 at risk if default occurs in 2017
- Market fundamentals would tighten in H2 2017 and be price supportive
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
14 November 2017
Venezuela’s "selective default": implications for the oil market
Insight
Venezuela’s "selective default": implications for the oil market
Crude oil production and export scenarios for Venezuela in 2018 and their impact on Brent prices
$1,35020 November 2017
Corporate week in brief: Petrobras hails 'best ever' pre-salt exploration result in Brazil’s Campos Basin
Insight
Corporate week in brief: Petrobras hails 'best ever' pre-salt exploration result in Brazil’s Campos Basin
We look at Petrobras’ return to world class exploration success, Anadarko and Hess’ 2018 capital allocation plans and the latest M&A deals.
$70008 August 2017
Potential US sanctions on the Venezuelan oil sector: price and flows implications
Insight
Potential US sanctions on the Venezuelan oil sector: price and flows implications
How crude and product flows could potentially be impacted if the US government decides to impose sanctions to oil trade with Venezuela.
$900
Trusted by leading organisations
