VENEZUELA’S MADURO SAYS OIL PRICE MEETING PLANNED

CARACAS, Venezuela (AP) — Venezuela President Nicolas Maduro says a special meeting of oil-producing countries is being planned to discuss falling global oil prices.

Maduro said Monday in a televised address that a meeting of OPEC and non-OPEC nations is in the works, without providing more details.

Venezuela’s president said that Foreign Minister Rafael Ramirez is on a tour of OPEC countries and Russia to define a strategy to stem a steep drop in prices.

“I am confident that we are going to help oil prices recover,” he said. He added that “the price of our oil has fallen 35 percent” in recent months.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

Venezuela relies on oil for almost 96 percent of its export earnings and falling prices area complicating its already precarious economic situation.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close