Venezuela suggests OPEC members create new oil gradeStaff writer ▼ | April 21, 2015
Venezuela has suggested that OPEC members contain the fall of oil prices through creating a new oil grade.
Oil industry Mixing light crude and sands of Venezuela
"On April 15, we had a meeting of OPEC countries' ambassadors in Caracas. We proposed them the idea to mix our oil: take light oil from Africa to our place, mix with our heavy oil and go to the market together.
"This is ideal cooperation of OPEC oil producers. This will help oil prices," Del Pino said. ■