Putin praises Moscow International Film FestivalSociety & Culture June 22, 21:49
Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
Lavrov tells Tillerson attempts to exert pressure on Russia through sanctions pointlessRussian Politics & Diplomacy June 22, 20:14
Russian war memorial in Poland reopens after renovationWorld June 22, 19:41
Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
Russian fans show fascinating hospitality at 2017 Confederations Cup — renowned pianistSport June 22, 18:32
First days of Soviet Union's Great Patriotic War in picturesSociety & Culture June 22, 18:10
CARACAS, November 20. /TASS/. The price of $100 per barrel is a fair price for crude oil, Venezuelan President Nicolas Maduro said on Thursday.
“We consider the price of $100 per barrel as a fair price,” Maduro said in live broadcast of the TV Channel Venezolana de Television, adding he was confident that world oil prices would return to this level.
“This is the price level, which can ensure stability because it helps guarantee an inflow of capital investment into the oil industry,” he said.
Venezuelan Foreign Minister Rafael Ramirez has completed a tour of oil-producing countries to coordinate efforts for holding meetings of OPEC and non-OPEC countries to take decisions “in defense of oil and oil prices.”
The average price of Venezuelan crude oil has fallen to $70 per barrel. The oil price has been falling for the tenth consecutive week.
Venezuela extracts 3 million barrels of oil per day, making it the world’s fifth largest crude oil exporter.