An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France, in this October 15, 2015 file photo. Oil-producing countries will sell $240 billion of international assets this year, mostly stocks and bonds, in an attempt to hold together budgets blown apart by the slump in oil prices, according to estimates from JP Morgan. That sum will come from running down their foreign exchange reserves and Sovereign Wealth Fund holdings. They will also raise some $20 billion by selling government bonds of their own to help cover a current account shortfall of $260 billion, the U.S. bank predicts. These countries will sell holdings of U.S. Treasuries and other bonds worth about $110 billion plus $75 billion of equity investments, up from $45 billion and $10 billion last year. The remaining funds will come from liquidating other assets such as cash, real estate and private equity. “The lower […]