Odd Lots

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

  1. 3 DAYS AGO

    This Is What Maduro's Arrest Means for the Oil Market

    Venezuela is sitting on, by some measures, the biggest oil reserves in the world. And yet, in the immediate wake of Maduro's capture by US forces, the actual price of oil has moved very little. So what gives? And what are the stakes for the industry? On this episode, we speak with Gregory Brew, a senior analyst at the Eurasia Group. Greg has the perfect background for this conversation, because in addition to closely monitoring both the oil industry and the global geopolitical environment, he's a trained historian. So we talk about the long history of the Venezuelan oil industry, starting in its boom years, and then its ultimate decline amid nationalization, corruption, sanctions, and blockades. He explains to us the potential huge costs of restarting production, the actual logic behind the arrest, as well as potential fallout across Latin America, and with Venezuela's friends, such as Iran, China, and Cuba. Read more:Trump Says Venezuela to Send US Up to 50 Million Barrels of OilSlumping Mideast Oil Market Adds to Signs of Global Weakness Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots NewsletterJoin the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.

    47 min

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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

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