Venezuela supports extension of OPEC, non-OPEC production cut

16 May 2017, Caracas — Venezuela on Tuesday said it supported a nine-month extension of an agreement between OPEC and non-OPEC countries to limit crude production, hoping to achieve a “stabilization” of the oil market. The crisis-hit OPEC nation, which relies on oil for some 94 percent of its export revenue, has long fought for […] More »