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World oil prices

Lavrov: Russian, Venezuelan experts to continue oil price monitoring

Russian and Venezuelan experts will have meetings once a quarter where they will exchange opinions on the results of monitoring pricing on world markets, said Russian foreign minister

Venezuelan and Russian foreign ministers Delcy Rodriguez and Sergei Lavrov Valery Sharifulin/TASS

Venezuelan and Russian foreign ministers Delcy Rodriguez and Sergei Lavrov

© Valery Sharifulin/TASS

MOSCOW, May 27. /TASS/. Experts from Russia and Venezuela will continue joint monitoring of world oil prices, Russian Foreign Minister Sergey Lavrov said after talks with his Venezuelan counterpart Delcy Rodriguez on Wednesday.

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Moscow hopes for support of Russian business in Venezuela — Russian deputy PM

"We have established a dialog for monitoring the situation on the world oil market. We (Russia) and Venezuela are very large hydrocarbon producers and the attention we pay to developments in this sphere is natural," Lavrov said.

‘We have set up a mechanism of regular consultations. These meetings are held once a quarter where our experts exchange opinions on the results of monitoring pricing on world markets," the Russian foreign minister said.

"This is a very useful instrument and we’ll continue using it," Lavrov said.

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