Venezuela says oil equilibrium price around $88/bbl

miércoles 21 de octubre de 2015 08:20 GYT

VIENNA Oct 21 (Reuters) - Venezuelan Oil Minister Eulogio del Pino said on Wednesday that the market equilibrium price for oil is around $88 per barrel.

"At $40 a barrel, we are below the equilibrium price," he told reporters.

A technical discussion among oil experts from OPEC and non-OPEC countries is being held in Vienna on Wednesday ahead of the oil producer group's Dec. 4 policy meeting.

(Reporting by Alex Lawler; editing by Jason Neely)