ABU DHABI/WAM The UAE has announced that it will host the 2029 Annual Meetings of …
Read More »Venezuela needs oil’s rally more than anyone as economy teeters
Bloomberg Few countries need oil’s rally to last more than Venezuela, where the economy’s expected to shrink 8 percent this year and a lack of petrodollars has seen shops run short of consumer goods. The Latin American nation with the world’s largest oil reserves relies on crude shipments for 95 percent of export revenue. It will default this year …
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