Venezuelan oil sheds 10 cents; averages USD 92.77
Last week, the Venezuelan oil basket stood at USD 92.87 per barrel
The Venezuelan oil basket averaged this week USD 92.77 per barrel, the Ministry of Petroleum and Mining posted on its Twitter account.
This means that the price slipped back 10 cents from USD 92.87 last week. The ministry explained on its website that last week was characterized by volatility with mixed results in the main hydrocarbons markets.
Following the slight drop this week, the annual average price of the Venezuelan basket continues downhill. Right now, it is at USD 106.77, compared with the prior average of USD 107.29 per barrel; this means a drop of 52 cents.
Last week, Venezuelan oil gained USD 6.70, thus ending with a downward trend for eight weeks in a row.
Luis Jiménez Alfaro seems to have hidden under the rocks. The last time he was seen was on April 2006 walking calmly around Simón Bolívar International Airport of Maiquetía, located nearby Caracas. At that time, more than five tons of cocaine arrived in Mexico in an airplane which took off from Venezuela, and his name featured as a missing piece of the puzzle of one of the most massive drug shipments that has been witnessed in the Western Hemisphere.