Venezuela's Oil Nationalization: PDVSA, OPEC, and the Rise and Fall of Venezuela's Oil Wealth
Explores Venezuela's 1976 oil nationalization, the creation of PDVSA, and the long-term impact of governance and corruption.
Explores Venezuela's 1976 oil nationalization, the creation of PDVSA, and the long-term impact of governance and corruption.
OPEC+ has agreed to increase oil production after months of cuts due to COVID-19, causing prices to drop. Despite this, long-term outlook remains positive.
OPEC+ closes a tumultuous chapter with a final production increase, leaving traders to wonder about the future of the oil market.