Page added on August 9, 2008
CARACAS (Reuters) – OPEC should consider an output cut at its upcoming meeting, if it were warranted by market circumstances, Venezuela Energy Minister Rafael Ramirez said on Friday, adding Venezuela could back such a cut.
“If a production cut were needed to stabilize the market, it would have to be considered,” he told reporters. When asked if Venezuela would support a cut he said “we would be willing to do that.”
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