OPEC AND OIL PRICES
Venezuela Will Aim for Quota of 1.71mn b/d
Venezuela will seek a production quota of 1.71mn b/d at OPEC's forthcoming Geneva conference under the proposed new OPEC ceiling of 17.6mn b/d, according to Venezuela's Oil Minister, Dr. Arturo Hernandez Grisanti. This represents an increase of 155,000 b/d over Venezuela's quota of 1.555mn b/d under the old 16mn b/d ceiling.
Dr. Hernandez Grisanti, who was speaking in a TV interview in Caracas last week, said...