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Commodities Briefing - Categorized | Market Moves, Oil more

Venezuela says OPEC may hold extraordinary meeting

Posted on 29 June 2012

The Organization of the Petroleum Exporting Countries could hold an extraordinary meeting in the third quarter of this year if global crude prices remain low, Venezuela’s Energy Minister Rafael Ramirez said on T hu rsday.
Venezuela, which is at loggerheads with top OPEC producer Saudi Arabia, wants the group to set an oil price band of $80 to $120 a barrel to stem crude’s recent tumble, seeking to revive a policy the cartel scrapped seven years ago………………………………………..Full Article: Source


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