Liam Denning, Columnist

Venezuela's Perfect Storm for Oil May Be About to Break

The country is heading for a disaster that would jolt the market.

July 21, 2017 at 3:44 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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"We may be about to see the first sovereign producer to unequivocally fail."

The oil producer in question is Venezuela, and that assessment comes courtesy of Helima Croft, who is global head of commodity strategy at RBC Capital Markets and formerly worked with both the Council on Foreign Relations and the CIA.