Radio Havana Cuba

A friendly voice around the world

  • Follow Us on

#NoMasBloqueo #SolidaridadVsBloqueo

Venezuela Hails OPEC Agreement to Cap Oil Output, Stabilize Prices

Caracas, September 30 (RHC-Xinhua) -- On Thursday Venezuela hailed the oil output freezing deal reached by the Organization of the Petroleum Exporting Countries, or OPEC, in order to stabilize prices.

In a statement, Venezuela's Foreign Affairs Ministry lauded "the historical agreement" reached at an informal meeting in Algeria on Wednesday, which "includes a freeze in output by the OPEC members."

The participants agreed to limit oil output from 33.24 million barrels per day  to 32.5, and to set up a high-level technical committee to oversee the output share of each member.

The statement said that the agreement "reflects Venezuela's untiring efforts for almost two years in search of a consensus to stabilize the oil market and reduce the perverse effects of financial speculation on hydrocarbon production." 

Edited by Pavel Jacomino
Commentaries
MAKE A COMMENT
  • Some 60 Countries to Attend Havana's International Trade Fair FIHAV
  • RHC's Arts Roundup
  • RHC's Caribbean Outlook Show
  • Cuba Helps Caribbean States Recover from Devastation Caused by Powerful Hurricanes
  • RHC's Segment 'The Real Story'
  • RHC's Interview with Patrick Manteiga, Editor and Publisher of La Gaceta Newspaper in Tampa
NUMBER OF HITS/VISITORS

3861014

  • Max: 19729
  • yesterday: 4037
  • today: 4153
  • online: 155
  • total: 3861014