(Bloomberg) -- Oil Ministry comments in e-mailed statement citing Oil Minister Eulogio Del Pino.

Venezuela Supports Russia-Saudi Efforts to Stabilize Oil Prices

Tuesday, September 06, 2016 01:41 am

by Jose Orozco

(Bloomberg) -- Oil Ministry comments in e-mailed statement citing Oil Minister Eulogio Del Pino.

• Russia-Saudi Arabia cooperation in sync with Venezuela’s efforts to achieve accord among oil producers
• Venezuela delivered proposal to OPEC Secretary General for consideration in producers meeting in Algeria
  • Country seeks accord that achieves equilibrium among various positions in OPEC, allowing for stabilization of oil volumes and a fair price
• NOTE: Earlier, Saudi, Russia Pledge Oil Cooperation Without Agreeing Freeze

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To contact the reporter on this story:
Jose Orozco in Mexico City at jorozco8@bloomberg.net
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Giulia Camillo at gcamillo@bloomberg.net
Jonathan Roeder