Venezuelan oil basket up 1.64%; ends at USD 108.75
The Venezuelan oil barrel spiked USD 1.76 this week
"Oil prices continue their upward trend this week amid favorable economic information from China and the US, geopolitical tensions in the Middle East, and the weakness of the US dollar with respect to the euro," the ministry posted on its website.
Consequently, the Venezuelan oil basket annual average price stands at USD 104.04 per barrel.
Translated by Jhean Cabrera
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."