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Venezuela says invited 10-12 more countries to join OPEC-led oil cut
October 4, 2017 / 9:26 AM / 19 days 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.

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September 21, 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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