Putin praises Hermitage Museum for its efforts in restoring Palmyra monumentsSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
Russia's top diplomat says he urged de Mistura not to delay intra-Syrian talksRussian Politics & Diplomacy December 02, 18:58
Source says Hvorostovsky’s debut at Bolshoi canceled due to health issuesSociety & Culture December 02, 18:53
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.