The price Venezuela receives for its mix
of medium and heavy oil fell for the fifth straight week -- though only
slightly -- as oil markets remain well-supplied and OPEC and non-OPEC nations
prepare for a November 30 meeting to cut oil production. According to figures
released by the Venezuela Ministry of Petroleum and Mining, the average price
of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week
ending November 18 was $37.34, down 12 cents from the previous week's $37.46. More…
Monday, November 21, 2016
Venezuela Oil Price Falls for 5th Straight Week
The price Venezuela receives for its mix
of medium and heavy oil fell for the fifth straight week -- though only
slightly -- as oil markets remain well-supplied and OPEC and non-OPEC nations
prepare for a November 30 meeting to cut oil production. According to figures
released by the Venezuela Ministry of Petroleum and Mining, the average price
of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week
ending November 18 was $37.34, down 12 cents from the previous week's $37.46. More…
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