Crude prices around $50 a barrel are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said Thursday in an interview . “$50 is enough,” he said on Bloomberg Television from Russia at the St. Petersburg International Economic Forum. The company’s average production cost is around $12 a barrel, he said. Petroleos de Venezuela SA will be able to make payments on its dollar bonds due later this year, Del Pino said. PDVSA, […]