The deal struck between Saudi Arabia and Russia this week to cap oil output was the first meaningful response by producing countries to the collapse in crude prices. It was also a personal victory for the man who promoted it, Venezuela’s Energy Minister Eulogio Del Pino. The Stanford-educated engineer was at the center of a lobbying campaign that led to the agreement in Doha, the first between OPEC and non-OPEC countries in 15 years. While the pact isn’t likely to raise prices enough to fix the South American country’s economic problems, it shows one of the group’s most desperate member still […]