The Russian leg of Venezuelan Oil Minister Eulogio Del Pino’s tour to persuade major oil exporters to cut production gained little more than pledges for further discussion. Igor Sechin, chief executive officer of the largest publicly-traded producer Rosneft OJSC, discussed “possible coordination of efforts to normalize the situation on global oil markets” with Del Pino in Moscow, the company said Tuesday. Russian Energy Minister Alexander Novak responded similarly to the Venezuelan minister Monday, saying he would be willing to attend a meeting with the Organization of Petroleum Exporting Countries and non-OPEC producers, should such a gathering occur. “Nothing serious here,” Alexander Kornilov, an oil analyst at Aton in Moscow, said of the meetings. “It would make no sense to collaborate with only Venezuela, with no support from other OPEC members, more powerful Arabic countries.” Oil prices have collapsed to their lowest levels in 12 years after Saudi Arabia led […]