OPEC's oil basket stands at USD 113.67 per barrel
The Organization of Petroleum Exporting Countries (OPEC) reference basket rebounded USD 0.57 on Thursday
OPEC's basket includes twelve products: Saharan Blend, Algeria; Iran Heavy, Iran; Basra Light, Iraq; Kuwait Export, Kuwait; Es Sider, Libya; Bonny Light, Nigeria; Marine, Qatar; Arab Light, Saudi Arabia; Murban, United Arab Emirates; Merey, Venezuela; Girassol, Angolia; and Oriente, Ecuador.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.