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."
- Cuban civil society debates agenda of upcoming Summit of the Americas
- Kenyan business executive says Cuba is a great place
- RHC's Regular Program DXERS UNLIMITED, with Professor Arnaldo 'Arnie' Coro
- Manipulated minds can equal secured votes
- Cuba pledges continued use of ITs for social justice goals
- RHC's Music Program 'From Havana' (Duo Buena Fe)
- Max: 19729
- yesterday: 3909
- today: 1720
- online: 129
- total: 4479309