CARACAS, November 25. /TASS/. Venezuela finds it necessary to reach agreement on stabilization of the output of crude oil within the next few weeks, otherwise the prices will become unstable, the country’s Oil and Mining Affairs Ministry said on Thursday.
Read also
- Oil production freeze reasonable for Russia if OPEC reduces output — minister
- OPEC suggests non-member states cut oil production by 500,000 barrels a day
- Global oil market to remain oversupplied until end of year — Russia’s Energy Minister
- Putin believes chances for agreement with OPEC on cutting oil output exist
- OPEC secretary general predicts end of low oil prices
"After the OPEC ministerial meeting is over, we'd like to have the agreement signed at top level, at the level of (country) leaders," the ministry's report said. "Unless we reach consensus in the coming two weeks, we'll get into a situation where prices will be knocked off the balance."
"The objective now is to include all the non-OPEC nations into it, with Russia being the most important one among them," the agreement said.