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Daily Headlines: October 5, 2016

Venezuela: Venezuelan Oil Minister Eulogio Del Pino claimed a deal worked out by members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC states to slash oil production could add an extra $10 to $15 per barrel of the commodity. Latin America: Mexico’s soccer federation plans to appeal FIFA’s latest fine imposed over homophobic chants by fans as the world governing body also handed down penalties against nine other Latin American countries over unruly crowd behavior.
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Minister: US Behind Failed Oil Output Freeze Deal, Trying to Drown Caracas

News / Independent News : RIA Novosti

The United States is trying to drown Venezuela and is responsible for the inability of the oil-producing countries to reach a deal on freezing crude output levels, Venezuelan Oil Minister Eulogio del Pino told Sputnik on Wednesday.

Russia, Venezuela Discuss Cooperation With OPEC Countries

News / Independent News : RIA Novosti

Russian Energy Minister Alexander Novak and Venezuelan Oil Minister Eulogio Del Pino discussed cooperation with OPEC member-states.

OPEC Plans to Invite Russia, Oman, Azerbaijan to Vienna Talks

News / Independent News : RIA Novosti

The Organization of the Petroleum Exporting Countries (OPEC) will invite Russia, Oman, and Azerbaijan to June talks in Vienna, Venezuelan Oil Minister Eulogio Del Pino said Wednesday.

Russian Energy Minister, Venezuelan Oil Minister Discuss Ties With OPEC

News / Independent News : RIA Novosti

Russian Energy Minister Alexander Novak and Venezuelan Oil Minister Eulogio del Pino on Wednesday discussed prospects of cooperation with the Organization of the Petroleum Exporting Countries (OPEC), Russian Energy Ministry said in ...

Venezuela Fears $20 Crude Oil If OPEC Doesn’t Act

Business & Finance : Business Pundit

Venezuelan Oil Minister Eulogio Del Pino fears crude oil prices will slip below $20 per barrel if OPEC doesn’t take immediate action to stabilize the oil market. Officials in Venezuela are urging the Organization of Petroleum Export...

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