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2022-10-18
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Venezuelan oil minister: the oil producing countries are negotiating the venue of the March meeting, and there will be talks in July.

Venezuelan oil minister: the oil producing countries are negotiating the venue of the March meeting, and there will be talks in July.

February 26, 2016

[China paint information] Venezuela's oil minister eulogio del Pino said in the program of elesur television station with low T sampling rate on Thursday (February 25) that Russia, Saudi Arabia and Qatar have agreed to meet in March this year, Venezuela and other oil producers will consider holding a meeting in March. At present, oil producers are still discussing the location of the meeting in March

Russian energy minister Alexande Novak confirmed on Thursday that the oil ministers of the organization of Petroleum Exporting Countries (OPEC) and non OPEC countries plan to hold a meeting in mid March

at the same time, del Pino also said that oil producing countries such as Venezuela, Russia, Qatar and Saudi Arabia also plan to hold talks again in July this year. He stressed that Venezuela seeks to freeze crude oil production. At present, there is no storage capacity to accept the oil in the market. If the situation continues, the oil price will collapse

on February 16 this year, Saudi Arabia and Russia agreed to the proposal to freeze production at the level of January, and called on other oil producing countries to join the agreement. However, Iran, which has just lifted international sanctions, believes that this production freeze agreement is very "ridiculous"

more reassuring

Saudi Oil Minister Ali al Naimi said at the HS CERAWEEK meeting in Houston on Tuesday (February 23) that OPEC and non OPEC countries would have further discussions in March this year. But he also made it clear that Saudi Arabia would not reduce production

The next semi annual meeting of OPEC will be held in Vienna on June 2 this year

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