Oil declined for a second day as
Venezuela proposed an OPEC summit to stabilise prices amid a global glut. Futures
slid as much as 2 per cent in New York. Russia, which is not a member of the
Organization of Petroleum Exporting Countries, would be invited, Venezuelan
President Nicolas Maduro told state-owned broadcaster Telesur. Russia may take
on “observer status” in OPEC, Rosneft OAO Chief Executive Officer Igor Sechin
said at a conference in Singapore on 7 September. More… 
Tuesday, September 8, 2015
Venezuela Calls for OPEC Summit
Oil declined for a second day as
Venezuela proposed an OPEC summit to stabilise prices amid a global glut. Futures
slid as much as 2 per cent in New York. Russia, which is not a member of the
Organization of Petroleum Exporting Countries, would be invited, Venezuelan
President Nicolas Maduro told state-owned broadcaster Telesur. Russia may take
on “observer status” in OPEC, Rosneft OAO Chief Executive Officer Igor Sechin
said at a conference in Singapore on 7 September. More… 
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