Venezuela wants extra OPEC meeting to halt oil-price drop
Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said Friday.
A barrel of Venezuelan crude closed at $82.72 on Friday, a drop of $3.17 for the week, one of the lowest levels in the past three years.
"We are going to ask for an extraordinary OPEC meeting. We need to try to coordinate some sort of action to stop falling oil prices," Ramirez said at a Caracas news conference.
"I am convinced this is not due to market conditions, but is price manipulation to create economic problems for large oil-producing businesses," added Ramirez, who is the former oil minister and ex-head of the public oil company PDVSA.
http://news.yahoo.com/venezuela-wants-extra-opec-meeting-halt-oil-price-213001124.html