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Venezuela and Iran evaluate the situation of the oil market

Venezuelan Oil Minister Eulogio del Pino met with his Iranian counterpart, Biyán Namdar Zangané, to assess the situation in the world oil market and the adjustments of the crude oil production, today spread the Venezuelan oil portfolio.

Caracas, Sep 13 (EFE) .- Venezuela's oil minister Eulogio del Pino met with his Iranian counterpart Biyán Namdar Zangané to assess the oil market situation in the country. "Del Pino and his Iranian counterpart weighed the evolution of the oil market and stressed the importance of the oil market. need to continue efforts in the voluntary production adjustments undertaken by Venezuela and Iran, together with the other signatories of the Vienna Declaration of Cooperation, "says the Ministers meeting in Tehran today insisted on a gradual rebalancing of supply and demand for crude oil and on reducing inventories, "which could to influence greater stability of the oil market. "

According to the text, Venezuela and Iran were optimistic in the meeting regarding the oil market vision of the year and agreed to "leave all options open" with respect to market equilibrium efforts.

The Venezuelan oil ministry further noted that Del Pino and Biyán Namdar Zangané also evaluated the "imperial aggressions" suffered by both nations.

This meeting was held in preparation for the summit of the Organization of Exporting Countries (OPEC) to be held on 22 September in Vienna, which could extend the decision taken last December to cut output to raise raw.

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