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Venezuela’s Dictatorship in Full Display: Army Officer Manhandles, Shoves President of National Assembly

Monday, June 19, 2017

Venezuela Oil Price Falls for 3rd Week

Venezuela’s Ministry of Petroleum and Mining reports that the average price of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week ending June 16 fell for the third consecutive week, approaching its year to date low. The price Venezuela receives for its mix of medium and heavy oil continued falling for a third straight week as gasoline stocks unexpectedly continued to build in the United States, the world’s largest consumer. 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 June 16 fell to $40.89, down 85 cents from the previous week’s $41.74. WTI in New York averaged $45.51 — down $1.41 — for the week, while Brent crude traded in London averaged $47.82 — down $1.27 from the previous week.. More…

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