Venezuela has requested that OPEC hold an emergency meeting to discuss steps to prop up oil prices, which have fallen to their lowest since 2003, two OPEC sources said on Wednesday. But four other delegates from countries in the Organization of the Petroleum Exporting Countries said such a meeting was unlikely to happen. OPEC’s Gulf members including Saudi Arabia have opposed earlier calls for emergency meetings. “Venezuela has requested an extraordinary meeting,” said an OPEC delegate from a Middle East member-country. Another OPEC source confirmed that such a request had been made. Oil prices have collapsed to below $28 a barrel, their lowest since 2003, on a supply glut that may worsen this year with the lifting of sanctions on Iran. The decline is painful for all […]