AGL 39.97 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 129.58 Increased By ▲ 0.52 (0.4%)
BOP 6.77 Increased By ▲ 0.02 (0.3%)
CNERGY 4.77 Increased By ▲ 0.28 (6.24%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.37 Increased By ▲ 0.55 (1.35%)
DGKC 82.24 Increased By ▲ 1.28 (1.58%)
FCCL 33.01 Increased By ▲ 0.24 (0.73%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.94 Increased By ▲ 0.20 (1.7%)
HUBC 109.75 Increased By ▲ 0.17 (0.16%)
HUMNL 14.35 Increased By ▲ 0.60 (4.36%)
KEL 5.28 Decreased By ▼ -0.03 (-0.56%)
KOSM 7.66 Decreased By ▼ -0.06 (-0.78%)
MLCF 38.75 Increased By ▲ 0.15 (0.39%)
NBP 65.01 Increased By ▲ 1.50 (2.36%)
OGDC 193.35 Decreased By ▼ -1.34 (-0.69%)
PAEL 25.77 Increased By ▲ 0.06 (0.23%)
PIBTL 7.40 Increased By ▲ 0.01 (0.14%)
PPL 154.30 Decreased By ▼ -1.15 (-0.74%)
PRL 25.61 Decreased By ▼ -0.18 (-0.7%)
PTC 17.60 Increased By ▲ 0.10 (0.57%)
SEARL 79.90 Increased By ▲ 1.25 (1.59%)
TELE 7.75 Decreased By ▼ -0.11 (-1.4%)
TOMCL 33.53 Decreased By ▼ -0.20 (-0.59%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.60 Increased By ▲ 0.33 (2.03%)
TRG 57.10 Decreased By ▼ -1.12 (-1.92%)
UNITY 27.60 Increased By ▲ 0.11 (0.4%)
WTL 1.40 Increased By ▲ 0.01 (0.72%)
BR100 10,605 Increased By 159.7 (1.53%)
BR30 31,194 Increased By 4.7 (0.01%)
KSE100 99,081 Increased By 1282.4 (1.31%)
KSE30 30,984 Increased By 503.5 (1.65%)

Venezuelan President Nicolas Maduro and Saudi King Salman have spoken on the phone and discussed OPEC, according to the South American country's government, which is pushing for action to boost low oil prices that have battered its economy.
"Both heads of state agreed to deploy joint efforts to recover the stability of the oil market and strengthen OPEC," Foreign Minister Delcy Rodriguez said on Twitter on Saturday evening.
There were no immediate further details.
Socialist Maduro has lobbied for months for an emergency meeting and co-ordination with non-OPEC nations, but OPEC's Middle East producers have pledged to maintain high output in a fight to defend market share against rising competition.
This week Maduro reiterated calls for action within OPEC and beyond OPEC, mentioning controls on output and price bands, adding he would travel shortly to lobby for a meeting.
Maduro has already traveled to the Middle East and met with Russian President Vladimir Putin in his bid to prompt oil action.
But Saudi Arabia has said it sees no need to hold a heads of state summit nor interfere in the oil market. One OPEC source said that should such a meeting produce no concrete outcome, it would have a negative impact on prices.
And Russian Energy Minister Alexander Novak said on Wednesday his country had rejected requests from Venezuela and other OPEC member states to cut oil output, saying Moscow believed such a measure was unnecessary.

Copyright Reuters, 2015

Comments

Comments are closed.