Venezuelan oil basket climbs to USD 101.31 per barrel
The average oil basket jumped USD 0.75 in relation to last week, and hit USD 101.14 per barrel so far this year
Based on information released on the website of the Ministry of Petroleum and Mining, the oil price was determined by "positive indicators of the Chinese and European economies. The increase is also attributed to a drop in the value of the US dollar with respect to other currencies."
Upon this week's results, the Venezuelan oil basket yearly average price stands at USD 101.14 per barrel.
With reporting by Ender Marcano
Translated by Jhean Cabrera
At the recent UN climate summit President Nicolás Maduro gave a speech on global warming highlighting the fact that "Capitalism has ignored over decades nature's capacity to load and recover," and, accordingly, "if we want to change climate, we need to change the system."