Images in this archived article have been removed.
About Latin America: “The 70 percent drop in prices is a major shock. Oil was contributing in some countries from 20 to 50 per cent government revenues and 50 to 96 percent of exports. No wonder we are starting to question the financial viability of some countries and some national oil companies.”
Luisa Palacios, head of Latin America at Medley Global Advisors, a risk consultancy