Venezuelan oil stands at USD 39.60 per barrel



The Venezuelan oil basket this week ended at USD 39.60 per barrel, a USD 15 cents fall from the previous week, when it hit USD 39.75 per barrel.

According to the webpage of the Ministry of Petroleum and Mining, such decrease is due to “concerns over the development of global economy, the large availability of supplies in major consumer centers, and the dollar strengthening.”

Earlier, Minister of Petroleum and Mining Eulogio del Pino ratified that the domestic crude oil averaged USD 31, a figure below USD 44.65 and USD 88.42 in 2015 and 2014, respectively.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Venezuela than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Venezuela takes a lot of time, money and hard work. But we do it because we believe our reports matter.

If everyone who reads Today Venezuela, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.