Venezuela negotiating with Azerbaijan on oil production

Venezuela negotiating with Azerbaijan on oil production
  • Clock-gray 09:09
  • calendar-gray 05 October 2016

He reminded the final decision will be made on November 30 in Vienna: “If this deal is formalized, the oil price may stabilize. I think the prices will be $10-16 higher than September’s price”.

 

Del Pino noted that OPEC may cut output by 0.7 bpd: “According to deal between OPEC and non-OPEC members, the suggestion may be cut 0.5 bpd in addition. Active negotiations are being conducted with Oman, Russia, Kazakhstan and Azerbaijan to stabilize the output. I hope these countries will join the "historic agreement””.

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