Venezuela's plummeting oil sales to the U.S., its biggest export market, are exacerbating a collapse in the nation's debt securities.
President Nicolas Maduro faces a shortage of U.S. currency that's caused consumer prices to soar 56 percent and foreign reserves to plunge to a decade-low of $21 billion. Petroleos de Venezuela SA, the state-run oil producer known as PDVSA, is sending hundreds of thousands of barrels a day to China to repay loans totaling more than $40 billion since 2008, at a time when its production is shrinking.

Probably not the time to buy Venezuelan bonds

http://www.bloomberg.com/news/2014-...s-u-s-oil-exports-sink-andes-credit.html