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Tuesday, 16 February 2016 | MYT 3:11 AM

Saudi’s Naimi heading to Doha as Opec diplomacy heats up

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 The oil glut has pushed oil prices to the lowest in more than a decade. The AFP photo shows a gas pump reflecting cheaper gas prices on Feb 12 in Oklahoma City.

The oil glut has pushed oil prices to the lowest in more than a decade. The AFP photo shows a gas pump reflecting cheaper gas prices on Feb 12 in Oklahoma City.

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

Tags / Keywords: Foreign News , Commodities , Oil & Gas

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