Venezuela's oil export prices fell to the lowest in the last 12 years

Venezuela's oil exports fell to $24 a barrel today, It is the lowest from the last 12 years.
President Maduro asked the government to study and formulate a new development strategy, the use of this opportunity to develop the production of the economy". He also asked the oil and minerals minister Depino and the "OPEC" (OPEC) member countries and non member states to discuss a response to the global "oil price war" of the new program.
Venezuela is a founding member of the organization of petroleum exporting countries, and also the world's major oil exporting countries. 96% foreign exchange earnings from oil exports in Venezuela . In 2003, the Venezuelan oil export price is $23.29 a barrel. Oil prices have continued to rise over the next 10 years, to $103.42 a barrel by 2012. In 2015 by the impact of international oil prices, the average annual oil export price fellto 45.43 U.S. dollars, Lower than 2014, In 2014 the price is $88.42
As a member of the petrochemical industry, Xinxiang Kolanky Technical Co., Ltd is a professionalcementing additives and drilling additives manufacturers in China. Welcome all customers around the world to contact us, be co-operation with us.