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
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.