Venezuelan President Nicolas Maduro will
visit OPEC and non-OPEC countries in coming days to push a deal to stabilize
oil markets and will also travel to key financier China, as the cash-strapped
nation seeks to ease a steep recession. OPEC agreed in Algiers on Sept. 28 to
reduce production to a range of 32.5 million to 33.0 million barrels per day,
which would be its first output cut since 2008. Another meeting on Nov. 30 is
set to firm up details of the accord. “I’m going to make a lightning visit,
lightning but also deep, to several oil-producing countries, OPEC and non-OPEC,
to bring a proposal and finally close an agreement between OPEC and non-OPEC
countries to stabilize the oil market and allow prices to bounce back in a
stable way,” Maduro said late on Tuesday night during his scheduled weekly
televised broadcast.Maduro did not name the oil-producing
countries he planned to visit. More…
Friday, October 21, 2016
Venezuela’s Maduro to visit oil producers, China
Venezuelan President Nicolas Maduro will
visit OPEC and non-OPEC countries in coming days to push a deal to stabilize
oil markets and will also travel to key financier China, as the cash-strapped
nation seeks to ease a steep recession. OPEC agreed in Algiers on Sept. 28 to
reduce production to a range of 32.5 million to 33.0 million barrels per day,
which would be its first output cut since 2008. Another meeting on Nov. 30 is
set to firm up details of the accord. “I’m going to make a lightning visit,
lightning but also deep, to several oil-producing countries, OPEC and non-OPEC,
to bring a proposal and finally close an agreement between OPEC and non-OPEC
countries to stabilize the oil market and allow prices to bounce back in a
stable way,” Maduro said late on Tuesday night during his scheduled weekly
televised broadcast.Maduro did not name the oil-producing
countries he planned to visit. More…
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment