Oil is, of course, another contributing factor to the deficit.

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Venezuela is Alba's largest financier, contributing millions in aid to its members as well as oil at low prices.

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That's contributing to higher prices for commodities such as cotton and oil, which are already climbing in part because of a weaker dollar.

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High oil prices have, of course, been a contributing factor.

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This is a sensible move from oil producing countries, diversifying their investments into the future global energy infrastructure and contributing to lower emissions.

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