ESPACIO PUBLICITARIO
CARACAS, Friday August 31, 2012 | Update
 
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HYDROCARBONS | Annual oil average accounts for USD 105.41

Venezuelan oil basket sheds 0.62% to USD 103.73

The basket falls USD 0.65 as against last week's figures

The Venezuelan oil basket averages USD 105.41 per barrel so far this year (File Photo)
EL UNIVERSAL
Friday August 31, 2012  03:15 PM
Venezuelan oil basket has closed at USD 103.73 this week, informed the Venezuelan Ministry of Petroleum and Mining.

The figure is USD 0.65 down (62%) as against last week's results, when Venezuelan oil basket averaged USD 104.38 per barrel. The Ministry's website reports that major oil baskets went down as well amid an increase in US stock levels, alleged release of strategic reserves in some countries, and expectation over the imminent resume of oil operations in the Gulf of Mexico." 

The Venezuelan oil basket averages USD 105.41 per barrel so far this year.

Translated by Jhean Cabrera
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The dialogue experience

José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."

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