OPEC
Venezuela Will Take Full Geneva Cut out of Exports
Venezuela is to take the full 120,000 b/d Geneva cut in its 1,675,000 b/d OPEC quota out of exports rather than production, according to its Energy and Mines Minister, Mr. Arturo Hernandez Grisanti. Mr. Grisanti told a news conference in Caracas on 8 November that the decision to cut exports was in keeping with OPEC's determination to defend the price structure, a determination which "should be a warning to those in...
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