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Venezuela: Non-OPEC Participation in Deal Would Cut 1.2 Million Barrels Per Day

Participation by non-OPEC countries in a deal to stabilize oil prices would remove a total of 1.2 million barrels per day (bpd) from an oversupplied market, Venezuela's Oil Minister Eulogio Del Pino said on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) agreed last week to bring its production to between 32.5 million and 33 million bpd by cutting some 700,000 bpd. The group, which meets Nov. 30 in Vienna to finalize the deal, has invited Russia and other...

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