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Sunday, April 26, 2026

November 22, 2016

Iran and Iraq will be Stumbling Blocks to OPEC Production Cut

November 22, 2016

From the Wall Street Journal VIENNA—Iran and Iraq emerged as major stumbling blocks to an OPEC agreement on reducing crude-oil output, as cartel members gathered ahead of their official meeting to tackle the thorny puzzle of how to share the pain of reducing their production. Officials of the Organization of the Petroleum Exporting Countries who met for midlevel talks aimed

Plains All American

Plains All American Pipeline Completes Offering of $750 Million Senior Notes

November 22, 2016

Plains All American Pipeline, L.P. (ticker: PAA) today announced that it has completed an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% with a yield to maturity of 4.535%. Total net proceeds of the offering were approximately $741.3 million. The Partnership intends to use

Venezuela Unraveling: PDVSA Misses Bond Interest Payments

November 22, 2016

Default would be catastrophic for Venezuela From Stratfor Venezuela’s state-run oil and natural gas company, Petroleos de Venezuela (PDVSA), has been ailing for some time. Low oil prices and political disarray have made it difficult for PDVSA to repay its debts, but the government has managed to do so by contracting food imports. The fate of the company has far-reaching implications for the country’s

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