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OPEC’s Falling Oil Prices: Russia’s Putin Tells Venezuela’s Maduro Their Countries Must Team Up

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September 3, 2015 by  

Russian President Vladimir Putin told Venezuelan President Nicolás Maduro that their countries must team up to shore up oil prices, a spokesman for the Kremlin said, Reuters reported Thursday. Both leaders were in Beijing to attend a military parade marking the 70th anniversary of Japan’s surrender at the end of World War Two. 
The price of a barrel of oil has dropped by half since June 2014 and continues to hover at about half the normal price over the past ten years. On Thursday, Brent crude oil was trading for roughly $51 per barrel.  

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