Accounting is the social science that measures and evaluates organizations' assets to aid decision-making and control. It presents financial information to stakeholders in a systematic and useful way.

2. Accounting is the social science
that is responsible for testing,
measuring and evaluating the
assets of organizations, businesses
and individuals, in order to serve
in decision-making and control,
presenting the information
previously recorded in a
systematic and useful different
stakeholders.
BREIDER PALCIOS
MARYCARMEN ROSALES

3. ADVERTISING

4. Venezuelan Oil
fell to $ 101.47 a
barrel
The oil ministry said that
expectations of high
inventories affected the
low oil prices.
EL UNIVERSAL
Friday April 12, 2013 11:28 a.m.
Caracas. - The Venezuelan oil basket was a significant decline of 2.45% in price
during the week from 8 to 12 April, remaining at an average price of $ 101.47 a
barrel.
The Ministry of Petroleum and Mining said that "the average price of crude ended
lower this week due mainly to the expectations of the wide availability of supply
in the short-term supply, coupled with lower demand forecasts for this year ".
After this change down the average price of Venezuelan oil for the year 2013 is $
103.58 per barrel.
Other market benchmark crude as the OPEC basket, the U.S. WTI and Brent also
fell in European prices. The OPEC basket fell to $ 102.77 a barrel, to $ 93.68 WTI
and Brent fell to $ 105.01 a barrel.
With information from Ernesto J. Tovar

5. Brent and WTI fell
more than 1% in a
day full of pessimism
Texas Oil closed at $ 93.51 a barrel, while
the London market fell to $ 104.27.
EL UNIVERSAL
Thursday April 11, 2013 3:12 PM
New York. - The Texas oil fell 1.19% today to close at $ 93.51 a barrel on a
day that the International Energy Agency (IEA) said that prices fell in
March for the "renewed pessimism" on the world economy.
At the end of the fourth session of the week on the New York Mercantile
Exchange, the WTI futures contract for May delivery, the more maturing,
subtracted $ 1.13 from Thursday's close.
According to news agency AFP, the "black gold" halted a rally of three
consecutive days after the IEA, which maintained its demand forecasts for
2013, and that weak demand from Europe mainly influenced the
downward trend in prices.
The outlook for global demand for 2013 remain at 90.6 million barrels a
day, after a rise of 795,000 barrels per day, for an offer that fell by 120,000
barrels a day in March. However, the IEA highlights the apathy of the
demand, calling it "exceptionally weak" in the countries of the Organization
for Economic Cooperation and Development (OECD), but especially in its
European members.
Meanwhile, the price of Brent crude for May delivery fell 1.39% today on
the London futures market to close at $ 104.27. The North Sea crude, the
European benchmark, ended the session at $ 1.52 International Futures
Exchange closing below the previous session, when traded at $ 105.79.
Experts reacted with pessimism to the new recommendations of the IMF
on the implementation of expansionary policies to activate the economy,
which would lead to increased activity and increased oil demand, Efe
reported.

6. International
Market
Situation
of Oil
Roberto Ariel Castellano
This article presents a brief overview of the international scene
respect to the oil market. In recent years there has been a marked change in price
mainly due to conflicts
political. Various influencing factors have been increased contribution
international oil, the most important should be mentioned
the dynamism of the world economy whose central axes are U.S.
and China, the uncertainty in the Middle East (mainly by actions
terrorists in Iraq) and the decline in Russian oil production
Yukos, one of the largest companies in the world.
Evolution of International
Oil Price
In order to accomplish this a small time started from the
trend analysis on the future of the so-called second oil crisis
Crude oil prices are displayed until the late 80's, when
historical levels for which he produced the Iranian revolution and the
traversed it from 1970 until the subsequent Iran-Iraq war
present. that lasted until 1988. with the
global economic slowdown, Figure 1 shows that
oil price was corrected to evolution. In the early years of the
average $ 21 a barrel in 70s' was experienced
December 1989. first oil crisis, occurring
1
in early 1974, the phenomenon is a fact not less than in 1983
Otherwise known as the term begins Embargo oil
Oil. During this decade as "commodity" and the West Texas
2
fuel prices rose in 18 Intermediate, WTI, begins his negociaveces
, from U.S. $ 2.2 a barrel in tion Mercantile Exchange in New
January 1970 to U.S. $ 40.5 in 1979. A York.

7. In 1991 there is a further increase in 2001. Years later, in 2003, takes
oil prices due to the invasion out the American decision to invade
of Kuwait by Iraq-Iraq and develop crude oil climbed to levels
Dose the Persian Gulf War and the historical records, reaching in 2004
Oil prices rose nuevamen-50 U.S. $ / bbl.
you, to $ 36 a barrel. For a present, the contribution of this
prolonged period of nearly eight years the "commodity" is on the rise.
price remained at values ​not too There are multiple factors that come
distant to those experienced in step generating these increases, including
Prior to the Gulf War, swinging by the demand side, growth in March
around 20 U.S. $ / bbl.
nomic world (USA and China,
In the period 1997-1998, as mainly) and the change in
result of the Asian crisis, the price of fuel structure,
crude oil was U.S. $ 11 a barrel. while on the supply side, the
After a series of measures related terrorist attacks in Iraq, the low
swim with increasing level of fees in fuel reserves, the
first instance and then by reducing political instability in Venezuela, the
of those activities by the Russian production problems and
4 OPEC produced a barrel of 15 small margin of slack
U.S. $ is quoted in nearly $ 35 in late used from OPEC, among others.