‘ RUSSIAN DELEGATION ARRIVE OVER TALKS WITH VENEZUELA, MEXICO & SAUDI ARABIA ‘

#AceWorldNews – VIENNA – Nov.25 – The Russian delegation arrived in Vienna on Tuesday for a meeting over oil output with Venezuela, Mexico and Saudi Arabia.

Igor Sechin, the head of Russian state oil company Rosneft and Energy Minister Aleksandr Novak will discuss the situation on the oil market, RIA Novosti said.

The meeting comes amid hints that Moscow could cut output or exports if OPEC does the same, Reuters said.

Analysts are divided on the outcome of OPEC’s meeting on Thursday in Vienna.

Oil prices have fallen 30 percent since June to around $80 per barrel.

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#energy, #exports, #oil, #state