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Commodities Briefing - Categorized | Market Moves, Oil more

Venezuela says OPEC may hold special meeting

Posted on 19 April 2013

Members of the Organization of Petroleum Exporting Countries are discussing holding a special meeting following the recent drops in international oil prices, Venezuela Oil Minister Rafael Ramirez told reporters Thursday. “We’re watching the price of oil, and we’re being careful,” Mr. Ramirez said at the central office of state energy company Petroleos de Venezuela SA, which is also headed by the minister.
“We’ve been in discussions over whether or not they are going to call a special meeting of OPEC. We’ve maintained that there is oversupply of oil in the market,” said Mr. Ramirez, repeating his government’s frequent calls to hold a “floor” of $100 a barrel……………………………………..Full Article: Source


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