Sunday, November 23, 2014

Venezuela: Crude Oil Sold By PDVSA Drops Below $70

According to The Latin American Tribune, Venezuela's Ministry of Energy and Petroleum reports that the average price of Venezuelan crude sold by Petroleos de Venezuela SA (PDVSA) during the week ending November 21 fell to its lowest price since 2010. 

COMMENT: According to figures released by the Venezuela Ministry of Energy and Petroleum, the average price of Venezuelan crude sold by PDVSA during the week ending November 21 was $68.97, down $1.86 from the previous week's $70.83.

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