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Will Oil Price Drop Assure Venezuela Default?

2014-10-16 23:36:42| Footwear - Topix.net

Oil accounts for 95% of Venezuela's exports and the nation has the globe's largest oil reserves - more than Saudi Arabia. So with oil accounting for most of Venezuela's exports, and the international oil price benchmark dropping roughly $30 per barrel to a recent $83.45, Venezuela's state revenue is shrinking.

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