Venezuela contacts other OPEC members to hold an emergency meeting

Market news

28 August 2015

Venezuela contacts other OPEC members to hold an emergency meeting

According to The Wall Street Journal, Venezuela has contacted other OPEC members to hold an emergency meeting in coordination with Russia. Russia is not a member of OPEC.

It should be discussed how OPEC could stem a drop in oil prices.

Most OPEC members can't balance their budgets with oil prices at current levels.

The next OPEC meeting is scheduled to be on December 4.

Former president of the Federal Reserve Bank of Philadelphia Charles Plosser: the Fed officials should not be influenced by short-term fluctuations in financial markets

Eurozone’s leading index rises 0.3% in July

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