OPEC AND OIL PRICES

Average First Half Export Price Falls to $14.53/B in Venezuela 

The average price of Venezuelan crude and product exports in the first sixth months of 1986 was $14.53/B, nearly $10/B (or 41t) less than the government's original $24.50/B estimate, according to Dr. Arturo Hernandez Grisanti, the Minister of Energy and Mines. Dr. Grisanti, presenting the national oil industry's first-half results at a press conference in Caracas on 8 September, said that crude...