Venezuela Hails OPEC Agreement to Cap Oil Output, Stabilize Prices

Édité par Pavel Jacomino
2016-09-30 16:29:47

Pinterest
Telegram
Linkedin
WhatsApp

Caracas, September 30 (RHC-Xinhua) -- On Thursday Venezuela hailed the oil output freezing deal reached by the Organization of the Petroleum Exporting Countries, or OPEC, in order to stabilize prices.

In a statement, Venezuela's Foreign Affairs Ministry lauded "the historical agreement" reached at an informal meeting in Algeria on Wednesday, which "includes a freeze in output by the OPEC members."

The participants agreed to limit oil output from 33.24 million barrels per day  to 32.5, and to set up a high-level technical committee to oversee the output share of each member.

The statement said that the agreement "reflects Venezuela's untiring efforts for almost two years in search of a consensus to stabilize the oil market and reduce the perverse effects of financial speculation on hydrocarbon production." 



Commentaires


Laissez un commentaire
Tous les champs sont requis
Votre commentaire ne sera pas publié
captcha challenge
up