Tag "Venezuela"

See the list: Several of the world’s largest oil states threatened by bankruptcy

Several of the world’s largest oil states are threatened by bankruptcy, if the oil price continues to fall as it has done in recent years. The world’s largest oil exporter Saudi Arabia is already in danger of going bankrupt over the next five years due to the significantly lower oil prices, writes several international media. The wealthy kingdom is far from the only oil state, which risks throwing its population