CARACAS (Reuters) – OPEC is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela’s Energy Minister Rafael Ramirez said on Friday. Ramirez added that world oil markets are well supplied with petroleum inventories above average, reiterating suggestions earlier this week that OPEC is not likely to hike output to calm record-high prices. Officials from the United States and China — the world’s two largest oil consumers — have expressed concern that current crude prices are too high. As the Balkan state prepares for the winter, a group of poor Bosnians search with bare hands and primitive tools for bad quality coal inside a dangerous self-run mine. Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more
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