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for Petrostates

Oil-Producing Countries Could See Trillions in Revenue Losses From Energy Transition
Petrostates remain ill-prepared for the global energy transition, and could see a budgetary gap of $9 trillion over the next two decades.

Nigeria’s Prepayment Deals With Traders Necessary to Support Economic Goals
The fact that Nigeria is considering prepayment deals with traders these deals is significant. It reflects how countries that are highly dependent on oil income are taking extraordinary measures to maintain stability while oil prices are relatively low.

Venezuela Puts Military Official in Charge of PDVSA, Threatens to Cut Exports to the United States
Stacking PDVSA with military officials may help President Maduro avert unrest in the short run, but it will likely accelerate the deterioration of the state oil company.

Geopolitical Risk and Lost Production
When producers that are inherently prone to conflict and resource nationalism lose supply, output will most likely not return to previous levels.

Venezuela’s Output in Danger of Falling by Another 800,000 b/d
There’s little question the global market will lose more production from Venezuela in the coming months and years. The country's crude output is at risk of falling to as low as 1.2 million barrels per day.

Four Charts Highlighting Global Oil Supply Risks
Here are four charts that illustrate the links between petrostate activities, U.S. foreign policy interests, and oil supply security.