Sunday, February 7, 2016

Venezuela and Saudi Arabia discussed the stabilization of the oil market – RIA Novosti

View of Riyadh, Saudi Arabia. photo  Archive.

© AP Photo / Hassan Ammar, File

MOSCOW, February 7 – RIA Novosti oil ministers. Venezuela, Eulogio del Pino and Saudi Arabia, Ali al-Naimi in Riyadh discussed ways to stabilize the oil market, according to the Saudi agency SPA.

oil. Archival photo

© AP photo / Hasan Jamali

” during the meeting the sides discussed the best ways to stabilize the market, as well as cooperation with the OPEC countries “, – said the agency.

Pinault on Thursday began a tour of the three main oil-producing Gulf countries – Qatar, Oman and Saudi Arabia. According to RIA Novosti the Saudi ambassador in Riyadh Joseba Achutegi, the main purpose of the trip Pino – to achieve a consensus among the main actors of the energy market, to find a strategy for the oil to stabilize the market and return oil prices to a fair level, in the interests of not only manufacturers and consumers of hydrocarbons, but also the entire planet and future generations.

Venezuela previously proposed to hold an emergency meeting of OPEC, which would be discussed the problem of low oil prices in February.

© Infographics

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