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
Country Report
Venezuela upstream summary
US imposed sanctions on Venezuela's oil & gas industry in 2019, which were slightly eased in 2023 - The initial sanctions and ...
$5,400
Country Report
Argentina upstream summary slides
To complement our more detailed Argentina upstream summary we provide a slide-pack of the key issues in the country.
$2,700
Insight
Is Haynesville development in danger?
Legal and regulatory battles threaten regional pipeline projects.
$950