Baku 12° C
A new oil producers’ alliance will be set up
Energy
- 10 October, 2016
- 14:18
Baku. 10 October. REPORT.AZ/ President of Venezuela Nicholas Maduro expects that at the oil-exporting countries’ meeting in Istanbul a new alliance of the oil producers will be established.
Report informs referring to the TASS, N. Maduro made this statement at the World Energy Congress in Istanbul today. He added that the new alliance will cover more countries than OPEC.
"We hope that we will succeed in founding another alliance of oil-producing countries," he said speaking about the goals of the oil exporters’ meeting scheduled for October 12 in Istanbul.
The latest news lead to jump in Brent crude price to 53 USD/barrel.
Notably, Russia's leader Vladimir Putin has today stated that the country may reduce oil output.
Author
Latest News
00:19
Azerbaijan marks 34th anniversary of Aghdaban massacre
Domestic policy23:55
Madagascar declares state of emergency over energy situation due to Iran war
Other countries23:50
Iran condemns Trump's threat to destroy Iranian civilization
Region23:37
Azerbaijan beach soccer team beats Moldova in second friendly
Football23:29
Photo
TÜRKPA Economic Cooperation Commission holds 13th meeting in Baku
Foreign policy23:17
Trump will pursue stability with China's Xi in May meeting, USTR Greer says
Foreign policy23:10
Bahrain says UN Security Council failed to act after Hormuz resolution veto
Other countries23:04
EIA projects Azerbaijan's 2027 daily oil output at 540,000 barrels
Energy23:01