Venezuela says OPEC, non-OPEC oil stabilizing deal 'close'


(Venezuela's President Nicolas Maduro (C) attends the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. - Reuters)

CARACAS: Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.

OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency, APS, reported on Sunday. - Reuters

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ISF unit bags RM10mil serviced apartment plumbing job
Malaysia's economy grows 6.3% in 4Q, above forecast
Hock Soon Capital falls 7c below IPO on debut
Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator

Others Also Read