OPEC AND OIL PRICES
Venezuela again Increases Crude Prices
Petroleos de Venezuela (PDV) has notified its customers of another increase in crude prices, the second in three weeks. The new increase, effective 5 August, is understood to be of the order of 75 cents/B, although precise details of the new prices of individual crudes are not yet available. The previous increase of 70 cents/B was made on 15 July (MEES, 27 July).