BREAKING NEWS

Venezuela, Iran seeking consensus to stabilize oil markets

By REUTERS

AUGUST 28, 2016 04:36

CARACAS - Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif.

"We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries, strengthening OPEC," Maduro said in a ceremony broadcast on state television.

He said Venezuela's oil minister and foreign minister would make announcements in the coming weeks, but did not provide details on concrete actions.

Zarif arrived in Venezuela after visiting other Latin American nations including Bolivia and Ecuador.

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