Venezuela’s piñata: how an almost free oil contract became US$515 million
October 12, 2026
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“Access is the asset in today’s Venezuela, and the premium goes to the intermediary, not the State.”
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08/28 Closing Prices / revised 08/30/2026 13:56 GMT |
08/27 OPEC Basket Price 
$87.31 +$0.92cents |
08/28 Mexico Basket (MME) $79.90 +$0.35 cents |
01/01-07/31 2026 Promedio Venezuela Basket (Merey) $ 74.4 +$1.2 |
08/28 NYMEX Light Sweet Crude
$ 83.40 –$0.13 cents |
08/28 ICE Brent $89.31 –$0.39 cents |
08/28 RBOB Gasoline NY Harbor $3.0480/gal ‑$0.0022 cents |
08/28 Heating Oil NY Harbor $2.1178 per gallon +$0.0076 cents |
08/28 NYMEX Natural Gas $2.705/MMBtu ‑$0.048 cents |
08/28 Baker Hughes Rig Count (Oil & Gas U.S.) = 588 / 0 |
08/28 USD – MXN/USD 16.9712 MXN/USD (data live)
08/28 EUR – USD 1.1643 USD (data live)
09/01 US/Bs. (Bolivar) Bs.794,99170000 (data BCV) (crypto-parallel Bs. 932–938 por USD -estimated)
Source: CME/MarketWatch/Reuters/ Zelle/ crypto-parallel (Binance P2P)
$87.31 +$0.92cents |
08/28 Mexico Basket (MME) $79.90 +$0.35 cents |
01/01-07/31 2026 Promedio Venezuela Basket (Merey) $ 74.4 +$1.2 |
08/28 NYMEX Light Sweet Crude $ 83.40 –$0.13 cents |
08/28 ICE Brent $89.31 –$0.39 cents |
08/28 RBOB Gasoline NY Harbor $3.0480/gal ‑$0.0022 cents |
08/28 Heating Oil NY Harbor $2.1178 per gallon +$0.0076 cents |
08/28 NYMEX Natural Gas $2.705/MMBtu ‑$0.048 cents |
08/28 Baker Hughes Rig Count (Oil & Gas U.S.) = 588 / 0 |
08/28 USD – MXN/USD 16.9712 MXN/USD (data live)
08/28 EUR – USD 1.1643 USD (data live)
09/01 US/Bs. (Bolivar) Bs.794,99170000 (data BCV) (crypto-parallel Bs. 932–938 por USD -estimated)
Source: CME/MarketWatch/Reuters/ Zelle/ crypto-parallel (Binance P2P)
