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
The price of a package of precooked corn flour used to make corn cakes called arepas, a staple food in Venezuela, has been regulated at VEB 19, but production cost exceeds VEB 26. At present both state-run and private plants face the same difficulty of having to produce at a loss. But that's just one of the many obstacles facing those involved in putting the arepa on the Venezuelans plate.