Rodríguez: Current crude oil price level satisfactory

05/22/2000
Venezuelan Energy and Mines Minister Alí Rodríguez Araque says oil prices have remained at "satisfactory levels" since the Organization of Petroleum Exporting Countries' last ministerial conference. He expects a significant increase in demand for crude in the third and fourth quarters, triggering an oil price increase.Caracas's El Nacional newspaper quoted Rodríguez as saying, "This is a quarter in which, cyclically, demand drops and prices tend to fall. That is to be expected. A month ago, analysis prepared by the Energy and Mines Ministry indicated that the strong decline in gasoline inventories would soften the drop in prices, because, among other things, t...
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