Venezuelan oil price falls to $9.90, lowest level in 20 years

Caracas, (AFP): The price of Venezuelan oil fell to its lowest level in more than two decades to just $9.90 a barrel, the oil ministry said on Friday.

The ministry said the price between Monday and Friday was 70.62 Chinese yuan, a level that has not been seen since 1998 when it was $9.28.

Since 2017, the government of Venezuela President Nicolas Maduro has announced its oil prices in yuan rather than dollars in protest at US sanctions. AFP

No comments

Poster Speaks

Poster Speaks/box