Kuwait's oil minister Ali al-Omair: OPEC will discuss Venezuela’s proposal an oil price floor of $70-$100 per barrel this month

Market news

14 October 2015

Kuwait's oil minister Ali al-Omair: OPEC will discuss Venezuela’s proposal an oil price floor of $70-$100 per barrel this month

Kuwait's oil minister Ali al-Omair said on Tuesday that OPEC will discuss Venezuela's proposal an oil price floor of $70-$100 per barrel at its next meeting this month.

Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non-OPEC countries (Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia) have been invited to ameeting on October 21.

"The confirmations are coming in gradually and I'm personally calling ministers to ensure that the delegation is of the adequate level of authority," del Pino said.

European stock markets mid session: stocks traded lower on the Chinese inflation data

Fed Governor Daniel Tarullo: it would not be appropriate to raise interest rates this year

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.