Venezuelan oil basket rebounds to USD 103.16
The Venezuelan annual oil basket price averages USD 101.73 per barrel
"Most oil prices went down this week amid concerns over the global economy. However, geopolitical tensions in the Middle East and North Africa, as well as the release of positive economic indicators in the United States and China supported the market," the ministry said.
In the wake of the results obtained this week, the Venezuelan yearly oil basket price averages USD 101.73 per barrel.
Translated by Jhean Cabrera
According to inner surveys performed by the Venezuelan Association of Metallurgical and Mining Industries (AIMM), where 160 metallurgic companies were taken into consideration, 90% of the companies members of this association are "distressed because of their existence or survival in the short term," stated Manuel Eseverri, president of this association.