Venezuelan oil prices have just been raised by 32% as Venezuelan currency, the Bolivar, has been devalued by the president whilst on sick leave in Cuba.
Venezuelan oil resources ARE THE LARGEST ON THE PLANET , but they are comprised mainly of VERY sticky heavy crudes that we do not produce in Australia.
The impact economically on the rest of the world's producers is stil being judged. Conix
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Venezuelan oil prices have just been raised by 32% as Venezuelan...
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