OKLAHOMA CITY, OK - FEBRUARY 12: A gas pump reflects cheaper gas prices February 12, 2016 in Oklahoma City, Oklahoma. Earlier this week gas stations were posting cheaper prices, many lower than $1.10 a gallon, but most gas stations in Oklahoma City were posting higher gas prices today. Prices are expected to start inching upward as spring approaches and refiners begin to throttle back on production to combat oversupply at the same time that demand begins to rise. J Pat Carter/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
LONDON: Saudi Arabian oil minister Ali al-Naimi was heading to Qatari capital Doha for previously undisclosed talks with his Venezuelan and Qatari counterparts, sources familiar with the meeting told Reuters on Monday.
The meeting was the latest sign of renewed efforts by Opec members to try to tackle - possibly together with non-Opec producers - one of the worst oil gluts in history, which has pushed oil prices to the lowest in more than a decade.
Venezuelan oil minister Eulogio Del Pino arrived in Qatar on Monday, a witness said.
The minister, who declined to make any comment, has floated the idea of a production “freeze” at current levels during a recent tour of producing countries which included Russia, Iran, Qatar and Saudi Arabia, sources familiar with those discussions have said. - Reuters
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