OPEC AND OIL PRICES

Venezuela Matches Mexico's 40-Cent Reduction in Extra Heavy Crude Prices 

As expected, Venezuela has reduced the official prices of its extra heavy crudes with a gravity rating between 10° and 22° API by 40 cents a barrel to match a similar drop in the price of heavy Mexican Maya crude the previous week (MEES, 4 November). At the same time Venezuela has raised refined product export prices for light distillates and aviation fuel jet kerosene) by 3 cents...