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Venezuela Hasn’t Officially Requested Emergency OPEC Meeting

While Venezuela supports an emergency OPEC meeting given oil’s slide, the country hasn’t officially requested one, an official at Venezuela’s Foreign Ministry said.

Venezuela gets 96 percent of its dollar earnings from oil exports. The price of Brent crude, the benchmark for half of global oil trade, has tumbled 47 percent from this year’s peak in June. The official asked not to be named in line with ministry policy.