OPEC, Non-OPEC Countries Study Venezuela's Oil Summit Proposal

Reuters

DOHA, Sept 10 (Reuters) - OPEC and non-OPEC countries are studying a Venezuelan proposal for a heads-of-state summit to address low oil prices, the energy minister of Qatar said on Thursday.

"The different countries are studying this proposal and if there was a response from OPEC and outside OPEC then OK," Qatar's Mohammed al-Sada said. "But we are in the study phase."

OPEC member Venezuela has been campaigning for action to address low oil prices, which at below $48 a barrel are less than half their level of June 2014. Sada is the alternate president of OPEC this year.

(Reporting by Rania El Gamal, writing by Alex Lawler, editing by Dale Hudson)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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