“Latin American crude producer Venezuela,
struggling to cope with sharply lower oil prices, is seeking support outside
OPEC to stabilise the market, it said Tuesday before this week's cartel output
meeting. Venezuelan Oil Minister Asdrubal Chavez is currently in the Austrian
capital to participate in Friday's meeting of the 12-nation Organisation of
Petroleum Exporting Countries (OPEC). Caracas proposes to establish a
"technical working group" of both OPEC and non-OPEC nations, it said
in a statement obtained by AFP. The aim of the group is "to monitor the
market and make recommendations to increase the effectiveness of the decision-making
process of the producing countries". More… 
Wednesday, June 3, 2015
Venezuela seeks allies outside OPEC to steady oil prices
“Latin American crude producer Venezuela,
struggling to cope with sharply lower oil prices, is seeking support outside
OPEC to stabilise the market, it said Tuesday before this week's cartel output
meeting. Venezuelan Oil Minister Asdrubal Chavez is currently in the Austrian
capital to participate in Friday's meeting of the 12-nation Organisation of
Petroleum Exporting Countries (OPEC). Caracas proposes to establish a
"technical working group" of both OPEC and non-OPEC nations, it said
in a statement obtained by AFP. The aim of the group is "to monitor the
market and make recommendations to increase the effectiveness of the decision-making
process of the producing countries". More… 
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment