OPEC diplomacy up from Moscow to Caracas; action unlikely




 
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April 16th, 2015  
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Topic: OPEC diplomacy up from Moscow to Caracas; action unlikely


By Denis Pinchuk and Alexandra Ulmer MOSCOW/CARACAS (Reuters) - Quiet diplomacy among the world's biggest oil producers has heated up this week, yet observers see few signs that renewed discussion among Russia, Saudi Arabia, Venezuela and others will lead to action on output. On Wednesday, Russia's Deputy Prime Minister Arkady Dvorkovich said Moscow has been holding "unprecedentedly active" consultations with the Organization of the Petroleum Exporting Countries and Latin American producers. The energy minister said he had spoken to OPEC's secretary general several days ago.




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