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OPEC ‘Very Close’ to Agreement to Stabilize Market, Maduro Says

  • ‘Definitive answer’ to market stability may come this month
  • Maduro held ‘positive discussions’ with fellow OPEC members
Nicolas Maduro

Nicolas Maduro

Photographer: Carlos Becerra/Bloomberg

OPEC members are close to reaching an agreement on how to stabilize the market, Venezuelan President Nicolas Maduro said after speaking to his counterparts from Iran and Ecuador.

Maduro held “positive discussions” with fellow members of the Organization of Petroleum Exporting Countries who attended the Summit of the Non-Aligned Movement, he said Sunday at a press conference following the event, in which 15 heads of state gathered in the South American country. Maduro said he spoke with Ecuadorian President Rafael Correa and Iranian President Hassan Rouhani at the summit and that he hopes an accord can be reached by the end of the month.