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In Chinese currency, the crude closed at 461.76 yuan, which means that it rebounded against 440, 47 yuan which ended between 22 and 29 June.
The change applied for the calculation offered is 6.63 yuan for one dollar and last week was 6.56 yuan per US currency.
In response to US financial sanctions against some government officials of President Nicolás Maduro, Venezuela announced in September that it was ceasing to use the dollar as the currency of reference, which is why it began to offer the oil price in Chinese currency.
Upward trend
The Organization of the Exporting Countries The Petroleum Industry (OPEC) also increased to $ 2.48 while it went from $ 72.76 to $ 75.24
. The West Texas Intermediate (WTI) recorded an increase of $ 3.18 from 70.68 to 73, 86 dollars a barrel.
Brent North Maro followed this upward trend and it has risen 1.57 dollars from 76.41 to 77.98 dollars this week.
In its latest report, OPEC reported that oil extractions in Venezuela, they fell to 1.39 million barrels of oil in May, 2.7% lower than the previous month, reported the EFE
Plan of change of formula
In in the Arabian Peninsula, Saudi Arabia, provides through its state-owned company Aramco change the formula used to set the long-term price of its oil sales to Asia from October.
According to the Reuters news agency, this is the first change in reference points for their official selling prices since the mid-1980s.
The new formula will be based on average monthly prices Oman crude oil futures traded on the Dubai Mercantile Exchange (DME). ) and the average price n of cash for Dubai crude, valued by the S & P Global Platts price agency, instead of the average prices of Oman and Dubai valued by Platts.
The price agency said to respect the right of every market player to decide your preferred way of setting price-price contracts, but that is the market that decides landmarks that are adopted .
"We believe Platts benchmarks are still strong and relevant for market players", provided by S & P Global Platts.
Between China and their company, CNPC and Venezuela through Pdvsa have agreed to accelerate the increase in production of their joint ventures.
The information comes from the Twitter account of the Ministry of Economy and Finance after a meeting between the head of this office, Simón Zerpa Delgado, and the Vice President of Trade and Supply of Pdvsa, Fernando del Quintal, with President Cnpc, Wang Yilin
The cooperation projects of the two companies were reviewed and they stressed that the main objective is to increase the production of crude oil and to take advantage of the potential of the strategic partnership China Integral in Venezuela,
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