Venezuela says pushing for OPEC, Russia action to stem oil fall

[Bacchus4.0]

http://finance.yahoo.com/news/venezuela-says-pushing-opec-russia-023613530.html


CARACAS (Reuters) - Cash-strapped Venezuela is pushing for an emergency OPEC meeting and joint coordination with Russia to stem a tumble in oil prices, President Nicolas Maduro said on Tuesday night.

"We're working towards a special OPEC meeting, in coming days we'll announce .... We're making contacts with OPEC governments," Maduro said during an hours-long televised broadcast.

"We're evaluating the possibility that a very high ranking OPEC meeting be called, and that in coordination with the Russian Federation, President Vladimir Putin, we can advance in taking a series of actions to defend the oil market in the face of this latest fall," he added.

Further details were not immediately available.

[COLGATE4]

1. It's called 'whistling past the graveyard' nt