Venezuela’s Maduro Says $100/bbl Oil Is ‘Fair Price’

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 21.Nov. 2018) — Venezuela’s President Nicolás Maduro said an $100 oil price is a “fair price” for a barrel of oil, and assured that low oil prices do “damage” to the world economy.

“The price of oil should be $100 a barrel,” said Maduro during a speech broadcast on Venezuela television from the funeral ceremony for Alí Rodríguez Araque, the former Venezuelan Secretary General to the Organization of Petroleum Exporting Countries or OPEC, who recently passed away.

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