Printer Friendly
The Free Library
4,474,287 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Venezuela sees 2008 oil price near $100 per barrel


CARACAS(Reuters) - Venezuela expects 2008 global oil prices will remain similar to the record prices seen this year, oil minister Rafael Ramirez said Sunday.

"We expect that the (global) market will maintain the same prices that we have seen this year," Ramirez told reporters.

"Probably, if there is no geopolitical tension like what we have seen recently, prices should be around $100 per barrel," he said. "We believe this shows there have been structural changes in the market."

Ramirez spoke to reporters after voting in Sunday's referendum aimed at formalizing socialism as the OPEC-member country's economic system and allowing anti-American firebrand President Hugo Chavez to run indefinitely for reelection.

Chavez has proposed that OPEC offer low-cost oil to poor countries and stabilize oil prices around $100 per barrel.

He threatened over the weekend to cut oil sales to the United States if the U.S. government meddles in Sunday's vote. (Reporting by Patricia Rondon Espin; Writing by Hugh Bronstein; Editing by Jan Paschal)

Copyright 2007 Reuters North American News Service
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright (c) Mochila, Inc.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:REUTERS
Publication:Reuters North American News Service
Date:Dec 2, 2007
Words:162
Previous Article:FEATURE-Germany shows contradictions on climate change
Next Article:UK troop cut in Iraq could hit whole mission-report



Related Articles
LEAD: IEA revises global oil demand for 2008 downward
Venezuela's Chavez proposes OPEC help poor nations
Oil would soar to $200 if U.S. attacks Iran-Chavez
$100 a barrel fair oil price -Venezuela's Chavez
Venezuela's Chavez says oil cheap compared to wine
Oil retreats, OPEC warns slowdown could hit prices
Oil retreats on U.S. economic worries
ANALYSIS-Bush unlikely to pressure Saudis on oil
ANALYSIS-Bush unlikely to pressure Saudis on oil
WRAPUP 1-Venezuela's Chavez says may create windfall oil tax

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles