Venezuela, Iran to support OPEC production cut

By
January 14, 2007 03:54

Venezuela and Iran have agreed to call for a production cut by the Organization of Petroleum Exporting Countries, Venezuelan President Hugo Chavez said Saturday. Speaking after talks with visiting Iranian President Mahmoud Ahmadinejad, Chavez said the two countries agreed to back a production cut in the cartel to stem a recent fall in crude prices. "We know today there is too much crude in the market," Chavez said. "We have agreed to join our forces within OPEC ... to support a production cut and save the price of oil."


Related Content

April 23, 2018
Mazal Tov! Third child born to UK's Prince William and Kate Middleton

By REUTERS

Israel Weather
  • 14 - 25
    Beer Sheva
    14 - 22
    Tel Aviv - Yafo
  • 13 - 21
    Jerusalem
    14 - 22
    Haifa
  • 19 - 31
    Elat
    15 - 28
    Tiberias