Joe Biden, President of the United States, ordered the release of one million barrels of oil per day for the next six months, in order to replicate the increase in energy prices as a result of the war between Russia and Ukraine.
This is the largest release of oil in US history. Biden said the plan…
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War conflict between Russia and Ukraine disturbs oil market
The economist and oil expert Rafael Quiroz considers that the war between Russia and Ukraine is of a political nature, however, its effects disturb the oil market, particularly in the increase in the price of crude oil, because for the…
Venezuelan inflation stood at 6 % in November
The Venezuelan Finance Observatory announced that Venezuelan inflation in November stood at 6.0 %, registering a small decrease when compared to October, which was 8.1 %.
The accumulated and annualized inflation of the inflation rate was…
The US will release 50 million barrels of oil
Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices.
Biden is working in coordination with a group of…
Rise in oil prices will not benefit Venezuela
A barrel of oil could increase by the order of 100 dollars by the end of the year. This was reported by economist Rafael Quiroz, who pointed out that these upward estimates are a consequence of the global crisis caused by the energy crisis.…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…
Inflation in Venezuela advances 19.6 % in May
Inflation in Venezuela stood at 19.6 % in May, accumulating a level of 2,950 % in the accumulated period of twelve months and 307.3 % so far this year, as reported this Wednesday by the Venezuelan Observatory of Finance.
The coordinator of…