Venezuela's OPEC Proposal Focuses on Oil Price, Not Volumes
Venezuelan President Nicolas Maduro said he and Russian President Vladimir Putin agreed to "several initiatives" to balance the market while meeting in China on Sept. 3, according to Venezuela’s state-news agency AVN. Maduro and Putin ”didn’t discuss any concrete steps” on oil prices, Putin spokesman Dmitry Peskov said.
“It is necessary to admit that OPEC is not the only actor in producing oil,” Del Pino said. “There are other actors outside of OPEC that must be taken into consideration.”
--With assistance from Jose Orozco in Caracas.
To contact the reporters on this story: Mark Shenk in New York at mshenk1@bloomberg.net; Pietro D. Pitts in Caracas at ppitts2@bloomberg.net. To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net Richard Stubbe.
12
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Mexico Presidential Frontrunner Plans to Spend Billions on RE, Gas Power
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- House Votes to Sanction China's Purchase of Iranian Oil
- Venezuela Authorities Arrest Two Senior Energy Officials
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- An Already Bad Situation in the Red Sea Just Got Worse
- Oil Markets Were Already Positioned for Iran Attack
- Valeura Makes Three Oil Discoveries Offshore Thailand
- EU Offers $900MM in Funding for Energy Infrastructure Projects
- Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
- North America Breaks Rig Loss Streak
- Chile's ENAP Says Working on Decarbonization Plan
- Mexico Presidential Frontrunner Plans to Spend Billions on RE, Gas Power
- ExxonMobil French Unit to Sell Refinery to Entara-Trafigura Consortium
- Macquarie Strategists Warn of Large Oil Price Correction
- JPMorgan CEO Says LNG Projects Delayed Mainly for Political Reasons
- USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears
- EIA Ups Brent Oil Price Forecast for 2024 and 2025
- Petrobras Discovers Oil in Potiguar Basin
- EIR Says Oil Demand Will Not Peak Before 2030
- Biden Plans Sweeping Effort to Block Arctic Oil Drilling
- Pantheon Upgrades Kodiak Estimates to 1.2 Billion Barrels
- Dryad Flags Red Sea 'Electronic Warfare' Alert
- USA Crude Oil Stocks Rise Almost 6MM Barrels WoW
- Oil and Gas Executives Predict WTI Oil Price
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Another Major Oilfield Discovery
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024