Is Russia Poised To Own A Stake In U.S. Oil?

As the country’s economy continues to tank, Venezuela’s
national oil company PDVSA is approaching the deadline for a $1.1bn
note issue due in November, and there’s a pretty good chance
they’re not going to be able to make the payment. With a dire need
for more cash and credit and soaring inflation rates at an all-time
high of 886 percent, Venezuela is in desperate need of allies with
deep pockets. In their search for funding Venezuela has turned to
Russian oil giant Rosneft. In 2016 PDVSA signed onto a loan from
Rosneft…

As the country’s economy continues to tank, Venezuela’s
national oil company PDVSA is approaching the deadline for a $1.1bn
note issue due in November, and there’s a pretty good chance
they’re not going to be able to make the payment. With a dire need
for more cash and credit and soaring inflation rates at an all-time
high of 886 percent, Venezuela is in desperate need of allies with
deep pockets. In their search for funding Venezuela has turned to
Russian oil giant Rosneft. In 2016 PDVSA signed onto a loan from
Rosneft…