Rodríguez: Current crude oil price level satisfactory

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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