International oil price closed at $-38 affecting gas sales revenue

The WTI international oil price closed Monday at $-38 a barrel for the first time in its history. Analysts explain that these are contracts for delivery in May and that international prices for delivery in June will be better. The benchmark Brent oil price in Europe closed at $26.10 a barrel. The cost of oil will impact only at the end of the second quarter of 2020 in the income from Bolivian gas exports that indexed to WTI. The Government states that it is preparing a plan to face this challenge and that it will cover the gaps through regulations, credits and some measures that will allow, in the medium term, to balance the State General Budget issue.

Source: El Deber