Oil price crash will challenge Latin America’s major producers

Oil-rich Venezuela is in no position to weather the price crash (photo: dpa)
Oil-rich Venezuela is in no position to weather the price crash (photo: dpa)

Plunging oil prices will affect Latin America’s major producers – including Mexico, Colombia, and OPEC members Ecuador and Venezuela – in different ways. There is no sign of a permanent drop in demand; prices will probably remain low for a year or two, and the first three of those countries should be able to cope. But Venezuela is in no position to weather the crash - its economy was facing collapse even when the price of a barrel was above US$100.

Oil price crash will challenge Latin America’s major producers

THE RECENTprecipitous decline in the price of oil has changed the energy panorama in Latin America. The energy-producing countries can be split into three groups - tho...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment