OPEC

Venezuelan Oil Minister Regrets Saudi Decision on Netback Sales but Expresses Sympathy for Saudi Predicament 

In a cautious reaction to reports of Saudi crude oil sales on a product netback basis, Venezuela's Minister of Energy and Mines, Dr. Arturo Hernandez Grisanti, has stated that the Saudi decision, if confirmed, will be a matter for regret in that it will affect the stability of the oil market, while at the same time expressing sympathy for Saudi Arabia's present...