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-9.57380606660214E-05 -0.000494646646774519 -0.000494646646774519 -0.000335083212331075 -0.00129246381899129 -0.00161159068787806 -0.00161159068787806 -0.00161159068787806
Stock impact report

Who gets Venezuela's oil? [CNN]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: CNN
Who gets Venezuela's oil? The importance of that unsettled question became even clearer last month, when Guaido, the 35-year-old National Assembly President, failed to convince the military to abandon Maduro. Now an international financial chess match is afoot, between the US and more than 50 countries backing Guaido as the country's legitimate interim president, and those nations aligned with Maduro. To support Guaido, the United States has initiated an array of sanctions to hamper Maduro's oil sales by the state-controlled company PDVSA (Petróleos de Venezuela, S.A) and to steer money to accounts controlled by Guaido. Meanwhile, Venezuela's two biggest creditors, China and Russia, are backing Maduro and keeping an eye on what they're owed. Cuba too has strengthened the regime by sending thousands of security forces in exchange for free oil. Venezuela's oil riches—and woes Venezuela holds the largest oil reserves in the world . It also has enormous debt, and its creditors' scramble Show less Read more
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