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Venezuela says OPEC could further reduce oil production, aims for $100 a barrel

Posted on 12 February 2009

From AP: Venezuela would like to see oil prices hit $100 a barrel and wants OPEC to further reduce oil production, officials said Wednesday.

Planning Minister Haiman El Troudi said that Venezuela is aiming for $100 a barrel, which would allow President Hugo Chavez to easily meet budget obligations and continue pumping billions of dollars into social programs for Venezuela’s poor….. Full Article: Source


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