Venezuelan President Nicolas Maduro has called for an
average global oil price of $88 (£57) a barrel "to maintain investments
worldwide". He was speaking on Tuesday evening ahead of a technical
meeting of experts from Opec and non-Opec countries in Vienna on Wednesday. Venezuela,
one of the world's biggest oil exporters, has seen its revenues hit hard by
plunging oil prices. Prices have dropped from $115 a barrel in June 2014 to
below $50 this month. Mr Maduro said that "we are going to present proof,
technical elements, at this meeting, that the average price needed to guarantee
global investment in the next five to 10 years should be $88" More… 
Thursday, October 22, 2015
Venezuelan President Maduro says $88 oil price needed
Venezuelan President Nicolas Maduro has called for an
average global oil price of $88 (£57) a barrel "to maintain investments
worldwide". He was speaking on Tuesday evening ahead of a technical
meeting of experts from Opec and non-Opec countries in Vienna on Wednesday. Venezuela,
one of the world's biggest oil exporters, has seen its revenues hit hard by
plunging oil prices. Prices have dropped from $115 a barrel in June 2014 to
below $50 this month. Mr Maduro said that "we are going to present proof,
technical elements, at this meeting, that the average price needed to guarantee
global investment in the next five to 10 years should be $88" More… 
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