No breakthrough seen at Russia-Venezuela oil meeting: Source

A meeting between Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro, during which they will discuss stabilising oil prices, is unlikely to yield any concrete results, a senior Russian source said on Wednesday.  Putin and Maduro will attend a military parade in Beijing marking 70 years since the end of World War Two in Asia. They will hold a bilateral meeting to discuss "possible mutual steps" to stabilise global oil prices, according to the Kremlin. Russia, one of the world's top oil producers, so far has been unwilling to deliberately cut its crude oil output to support prices, saying it would later be virtually impossible to restart pumping oil at wells that mostly sit in the harsh climate of Siberia. More…