ESPACIO PUBLICITARIO
CARACAS, Friday November 02, 2012 | Update
 
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OIL | From USD 98.11 last week

Venezuelan oil basket down 0.56% to USD 97.56

As hurricane Sandy hit the United States, crude oil demand declined, along with oil prices. The Venezuelan oil basket slipped USD 55 cents

EL UNIVERSAL
Friday November 02, 2012  03:59 PM
The Venezuelan oil basket ended at USD 97.56 per barrel this week, slipping USD 55 cents (0.56%), the Ministry of Petroleum and Mining reported.

Most crude oil prices declined as hurricane Sandy lashed out at the US east coast this week. Since refineries were shut down, crude oil demand fell.

Despite this week's decline in oil prices, the Ministry of Petroleum and Mining did not report variations in the annual average price of the Venezuelan crude oil, which remained unchanged at USD 104.79 per barrel.

With reporting by Ender Marcano
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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