Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
MOSCOW, February 26. /TASS/. Russia, Saudi Arabia, Venezuela, and Qatar have made an arrangement for a meeting where they will scrutinize the prices of oil, Bloomberg said on Thursday quoting Venezuela’s Oil and Mining Minister Eulogio del Pino.
The four countries have not discussed the venue of the meeting so far, he told a Venezuelan TV channel. Along with it, the four countries also plan to have a review meeting in July where they will assess the impact of freezing of output levels on the price.
Del Pino added it was impossible to supply crude to the international markets in previous amounts, as oil prices would collapse if the current situation was allowed to drag on.
Major oil exporting nations are currently holding talks on a possible freezing of crude oil output. In one of the most recent steps in this series, the oil ministers of Saudi Arabia, Qatar, and Venezuela - all the three countries being OPEC members - and Russian Energy Minister Alexander Novak met in the Qatari capital Doha on February 16 to discuss possible improvements in the situation regarding prices.
The conferees said their countries were prepared to keep the averaged output for 2016 at the level of January if other producers joined their initiative.
On February 17, Tehran hosted a conference of Iranian, Venezuelan, Iraqi, and Qatari oil ministers, who probed into the possibility of an output freeze. Iranian minister Bijan Zanganeh said upon the end of the talks his country would support any initiative aiming to push oil prices up.
Along with it, the Iranian side stressed on a number of occasions in the course of the talks it was set to regain the share of the world oil market it had lost while staying under international sanctions.