President of Venezuela: OPEC and non OPEC countries are close to reaching an agreement to stabilize the oil market
president of Venezuela: OPEC and non OPEC countries are close to reaching an agreement to stabilize the oil market
September 19, 2016
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President Nicolas Maduro of Venezuela said last Sunday (September 18), The organization of Petroleum Exporting Countries (OPEC) and non OPEC countries are "close" to reaching an agreement to stabilize the oil market, and said he hopes to announce the agreement within this month
the organization of Petroleum Exporting Countries (OPEC) and Russia plan to hold an informal meeting in Algeria this month. All OPEC member countries, including Libya and Iran, have confirmed to attend the meeting
the Algerian national news agency APS reported last Sunday (September 18) that Mohammed barkindo, Secretary General of OPEC, said that the informal meeting in Algeria this month was limited to discussion and would not reach any decisions
meanwhile, Balkin also said, "if OPEC member states can reach an agreement at the informal meeting in Algiers this month, they may hold a special meeting on oil prices." The establishment of a sound industry standard plays a positive role in promoting the tire industry.
according to foreign media on Saturday (September 17), quoting Mohammad oun, Libya's representative to OPEC, Libya will not consider freezing crude oil production until it recovers to the 1.6 million barrels per day level in the Gaddafi era in 2011
Iranian President Hassan Rouhani said on Saturday that Iran supports any measures to stabilize or improve oil prices, but this should be based on the oil producing countries "depending on whether we can provide a reasonable share of really good graphene materials". For the OPEC meeting this month, Rouhani did not provide details of Iran's position
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