OPEC's oil basket stands at USD 113.67 per barrel
The Organization of Petroleum Exporting Countries (OPEC) reference basket rebounded USD 0.57 on Thursday
OPEC's basket includes twelve products: Saharan Blend, Algeria; Iran Heavy, Iran; Basra Light, Iraq; Kuwait Export, Kuwait; Es Sider, Libya; Bonny Light, Nigeria; Marine, Qatar; Arab Light, Saudi Arabia; Murban, United Arab Emirates; Merey, Venezuela; Girassol, Angolia; and Oriente, Ecuador.
Translated by Jhean Cabrera
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.