Oil price crash will challenge Latin America’s major producers
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.
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...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.