ESPACIO PUBLICITARIO
CARACAS, Friday November 30, 2012 | Update
 
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HYDROCARBONS

Venezuelan oil basket slumps USD 97.10

The Venezuelan crude oil shed five cents

In the week of November 26-30, the Venezuelan oil price slid a bit (File photo)
EL UNIVERSAL
Friday November 30, 2012  12:24 PM

The Ministry of Petroleum and Mining has reported that the Venezuelan oil basket slipped back five cents (0.05%) from USD 97.15 last week.

The Ministry posted on its Tweeter account that during the week the prices of hydrocarbons were virtually steady, as the market focused its attention on the agreement on the financial aid to Greece and the talks at the US Congress to prevent the so-called fiscal precipice.

To date, the Venezuelan oil basket averages USD 103.95 per barrel.
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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