Caracas has contacted OPEC ministers – Saudi September output at 30.474 million b/d – Cartel under pressure to cut output Venezuela on Friday called for an emergency OPEC meeting, saying action was needed to stop the fall in oil prices, even as Saudi Arabia told the oil producer group it had boosted its crude production in September by more than 100,000 b/d. Saudi Arabia and several other key OPEC member countries have so far shown little sign of panic over the price slide that has seen Brent crude prices slide from around $115/barrel in mid-June to as little as $88.10/b earlier last Thursday, dismissing the need for a meeting before the November 27 scheduled conference. Venezuela’s foreign minister and former oil minister Rafael Ramirez said Caracas was calling for an extraordinary meeting to coordinate action to stop the fall in oil prices and […]