Vzla: Explaining the oil price increase

Another aspect which can not go unnoticed is that there are other countries, as is the case of Venezuela, whose governments have become promoters of the increase in oil prices knowing that they can not increase their production quotas due to the decline in their oil reservoirs, as explained earlier.
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Lastly, it is important to note, once again, that the focal problem resulting from oil price increase is not of insufficient supply, since there is enough to cover consumption needs. The real problem is, essentially, of perception by the market created by instability in the Middle East, especially Iraq and Saudi-Arabia, and in Venezuela.

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