Venezuela Oil Diplomacy Reaches Saudi, But Deal Seen as Unlikely

  • Naimi, Del Pino discuss producers’ rffort to stabilize market
  • Analysts say Saudi Arabia unlikely to agree tp cuts for now

Venezuela Oil Tour Falls Short of an Output Deal

Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks on Sunday with his Venezuelan counterpart in Riyadh, the latest stop in a diplomatic push by the Latin American crude producer to rally support for coordinated output cuts.

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