oil price

While August's inflation was slightly lower than July's, yearly inflation is at 5.3 percent, and in key sectors like energy and vehicles, inflation is much higher. 

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Bajo un análisis geopolítico en lo fundamental, se determina cuándo el alcance de una “presencia” y a su vez “influencia” de un nivel extranjero significativo, facilita el desencadenamiento de una “acción” de envergadura esencial para un país como el nuestro. Si bien, en lo personal , alcancé a participar y comprobar, como colaborador cercano del Presidente Pérez el “alcane y profundidad positiva”, particolarmente en el ámbito energético, produjo resultados de gran alcance estratégico para Venezuela.

In February, China bought over 500 thousand barrels per day of Venezuelan oil, the purchases were carried by “phantom companies,” and through “dark voyages.”

In almost every article about Venezuela, we're told that the economy collapsed because the oil price did.

Here is the price of crude oil adjusted for inflation.

Today, the price is almost three times higher than when Chavez took power.

The Rosneft oil giant has threatened to ban Reuters from operating in Russia after the international news agency released a report saying that Venezuela had sold oil to Russia in an attempt to evade U.S. sanctions.