Venezuelan President Nicolas Maduro said his government plans to coordinate with OPEC and non-OPEC producers to create a “formula that impacts the oil market and restores the normalization of prices” in the next few weeks. Maduro spoke on Venezuela state television after meeting with his Russian counterpart Vladimir Putin as falling oil prices threaten the economies of both nations. The two leaders met today in Moscow to discuss global oil markets and the “stability of natural resources,” Maduro said. “Venezuela is not just a friend but also a close partner, one of Russia ’s most important partners,” Putin said in a statement posted online by Venezuela’s Information Ministry. Venezuela, which holds the world’s largest crude reserves, relies on oil exports for almost 95 percent of foreign currency earnings. The price of the country’s crude fell to $42.44 a barrel last week from a peak of $100.64 on June 27. […]