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(Caracas, July 31, News24) .- The prices of the oil showings showed mixed behavior, before data that speak of increases in levels the production of OPEP +, which minimizes the gross production declines of some member countries of the organization.
The WTI, marker and reference oil for the New York market, slightly raised its price by US $ 0.16, placing the price per barrel at US $ 69.72
Brent crude oil serving benchmark in the London market, decreased its price by US $ 0.49, placing the price of its barrel at US $ 74.57 per barrel.
The OPEC basket price adjusted, just up, its price in US $ 0.07, placing the average price per barrel of crude oil basket, representative of each of the fifteen nations , which make up this exporting organization, at US $ 73.69.
The price of Venezuelan crude for July 27, the day that MPP Petróleo delivered the price at which it was quoted and sold the Venezuelan blend during the last week, was 460.10 Ys. per barrel . Our oil is traded in yuan, unlike what happens on the international market, where the US dollar reigns.
This behavior in prices is a consequence of yesterday's data on the productive behavior of the OPEC member countries and Russia. According to the information provided, the organization 's average oil production in July rose to 32.64 million barrels per day, the highest level for any year 2018.
The countries that have guided the growth of production were Saudi Arabia, which reached 10.65 million barrels per day, Kuwait, the United Arab Emirates with 80,000 and 40,000 barrels per day, Nigeria and Iraq, which also increased their production. These nations join Russia, which has also increased the amount of oil destined for export.
These increases offset declines in Iran's crude output, which declined by 100,000 barrels a day, with Libya, Angola, and Venezuela continuing to decline from previous figures.
Photo: News24
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