VOL. XLI
No. 37
14-September-1998
OPEC
Venezuela Lowers Its Oil Price Assumption Again To $11.50/B For 1998
The Venezuelan Minister of Planning, Mr. Teodoro Petkoff, said on 4 September that hisgovernment had reduced the average price of the basket of crude oil and products in its1998 budget to $11.50/B. This is the fourth reduction in the oil price assumption from theoriginal forecast of $15.50/B. The actual basket price in 1998 has so far averaged$11.07/B, according to the Venezuelan Ministry...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!