Venezuela: Trust within OPEC broken

Venezuela: Trust within OPEC broken

Monday, April 18, 2016 6:53 pm


Trust within OPEC is badly broken after a failure to reach a deal to freeze oil production levels at a meeting in Doha on Sunday, Venezuelan Oil Minister Eulogio Del Pino told reporters.

He said he believed Saudi Arabia was behind the failure, adding that he was under the impression the Saudi delegation, including minister Ali al-Naimi, “had no authority to decide on anything” as they were under strict instructions from Riyadh.

 

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