(Bloomberg) — Kazakhstan’s long-standing leader calls it a “perfect storm.” Venezuela’s government is shutting fuel stations across the country. Chad is paying its sovereign debts using cattle.Across the oil-rich states of Africa, the Middle East, Latin America and the former Soviet Union, leaders accustomed to a steady flow of petrodollars see trouble ahead as the oil price war promises to destabilize their economies — and perhaps their hold on power.Of course, it’s not just oil-producing countries that are suffering a dramatic economic shock as the coronavirus pandemic sweeps across the world, but for the world’s petrostates, the collapse in oil …read more
Source:: Yahoo Finance
