Venezuela says sees oil price steady this year

World oil prices will likely remain steady this year despite being below their “fair” value, Venezuela’s finance minister, who is an ex-president of OPEC, said on Sunday.

Venezuela, one of the largest oil exporters to the United States, is a price hawk in OPEC and has said it could this month propose that the group cut supply to try to lift prices, which have been doggedly around $40 a barrel for weeks.
Reuters