Oil ministers of OPEC nations will hold
“candid, informal” talks on Dec. 3, a day before the group’s formally scheduled
meeting in Vienna, Venezuela’s oil minister said on Wednesday, adding the idea
was suggested by Saudi Arabia. “It’s an informal meeting where we’re going to
speak in a very frank way about the market situation, and we’re going to speak
frankly about production levels in each country,” Venezuelan Oil Minister Eulogio
del Pino told Reuters in a phone interview. Price-hawk Venezuela has been
pushing for OPEC action to boost prices. OPEC kingpin Saudi Arabia, however,
has rebuffed those calls and is instead focused on defending market share. More…
Friday, November 13, 2015
Venezuela Says Informal OPEC Meeting Planned Ahead of December
Oil ministers of OPEC nations will hold
“candid, informal” talks on Dec. 3, a day before the group’s formally scheduled
meeting in Vienna, Venezuela’s oil minister said on Wednesday, adding the idea
was suggested by Saudi Arabia. “It’s an informal meeting where we’re going to
speak in a very frank way about the market situation, and we’re going to speak
frankly about production levels in each country,” Venezuelan Oil Minister Eulogio
del Pino told Reuters in a phone interview. Price-hawk Venezuela has been
pushing for OPEC action to boost prices. OPEC kingpin Saudi Arabia, however,
has rebuffed those calls and is instead focused on defending market share. More…
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