OPEC, Non-OPEC Members Cooperation Set To Stabilize Oil Market


Saudi Arabia’s oil minister Ali al-Naimi has discussed cooperation between members of the Organization of Petroleum Exporting Countries, OPEC,  and other oil producers to stabilize the global oil market with his Venezuelan counterpart, state news agency SPA reported on Sunday, February 7.

Also. Venezuela’s Oil Minister Eulogio Del Pino is on a tour of oil producers to lobby for action to prop up prices.

“It was a successful meeting and (conducted) in a positive atmosphere,” SPA cited Naimi as saying.

Both ministers discussed the outcome of del Pino’s meetings with other officials focused on “the cooperation of those countries to stabilize the international oil market,” and the importance of the continuation of such consultations, SPA added. (Reuters)


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