Articles || Finance

Cobertura financiera petrolera como una alternativa para estabilizar los ingresos fiscales en países exportadores netos de crudo.

Artículo original de Karla Rebolledo PARTE1. Antecedentes Desde los orígenes de la humanidad los comerciantes han tratado de reducir el riesgo atribuible a la entrega de los suministros y a la variación en los precios. Así, los inicios de los mercados de futuros se remontan hasta la Edad Media y se crearon para reducir la […]

A graphic look at Pdvsa’s health

I. PDVSA’s production decline… Since 2008, crude production has fallen 58%. Most of this collapse has occurred between 2016 and 2018. II. Active rigs drop in number… The number of active rigs has dropped 65% since 2008. III. Increase in debts and reduction in profits PDVSA has experienced a deep deterioration in its finances: its […]

Introducción a los mercados financieros.

Published on

August 26, 2018

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I. Antecedentes Las operaciones financieras de materias primas tienen una presencia formal de más de cien años. Sin embargo, existen menciones en los escritos de Aristóteles en la antigua Grecia. En estos se narra la compra a futuro de las cosechas de oliva en Ágora (1) , el cual era el centro de la actividad […]

The oil price and financial markets in 2018

Published on

July 16, 2018

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Oil prices have showed an upward trend in 2018. Until July 13th 2018, the West Texas Intermediate (WTI) has accumulated a rise of 24% with respect to the close of 2017. Similar trends are shown by the benchmarks: Brent (31%y/y), the Oman/Dubai (28% y/y) and the OPEC Reference Basket (31% y/y). This tendency can be […]

Deep water may challenge OPEC producers

Among the consequences that OPEC policy had, in 2014, under the leadership of Ali Naimi the former oil minister of Saudi Arabia, aimed at leaving inefficient producers to their fortunes, that is, independent companies in the United States dedicated to exploiting shale oil, highlighted the sharp drop in unconventional oil production in the United States, […]