Saudi, Venezuela Oil Ministers Hold ‘Successful’ Talks on Market
- 8 years ago
Saudi Arabian Oil Minister Ali al-Naimi said he held "successful" talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices.
The two ministers, who met on Sunday in Riyadh, discussed Venezuelan Oil Minister Eulogio Del Pino's recent discussions with other crude producers and the results of those meetings that seek cooperation among suppliers to bring stability to the market, the Saudi ministry said in an e-mailed statement.
Del Pino met with al-Naimi after visiting Russia, Iran, Qatar, and Oman on a tour to drum up support for Venezuela's attempt to buttress oil prices.
The two ministers, who met on Sunday in Riyadh, discussed Venezuelan Oil Minister Eulogio Del Pino's recent discussions with other crude producers and the results of those meetings that seek cooperation among suppliers to bring stability to the market, the Saudi ministry said in an e-mailed statement.
Del Pino met with al-Naimi after visiting Russia, Iran, Qatar, and Oman on a tour to drum up support for Venezuela's attempt to buttress oil prices.