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Venezuela says invited 10-12 more countries to join OPEC-led oil cut
October 4, 2017 / 9:26 AM / 2 months ago

Venezuela says invited 10-12 more countries to join OPEC-led oil cut

MOSCOW (Reuters) - An extra 10 to 12 oil-producing countries have been invited to join an OPEC-led output cut aimed at getting rid of a supply glut, Venezuela’s oil minister said on Wednesday.

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger

Eulogio del Pino, speaking on a visit to Moscow, said the invited countries were in South America and Africa.

The OPEC-led supply cut at present covers 24 countries.

Reporting by Vladimir Soldatkin, writing by Alex Lawler, editing by Dale Hudson

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