OPEC's Sinking Oil Prices: Russia's Putin And Venezuela's Maduro To Discuss 'Possible Next Steps'

Russian President Vladimir Putin and his Venezuelan counterpart, Nicolas Maduro, were set to discuss solutions for stabilizing the price of oil in meetings to take place in China Wednesday and Thursday, a Kremlin aide told Reuters Monday. Both nations are significant producers of oil, and Yury Ushakov said the discussions of "possible mutual steps" were part of Russia's continuing cooperation with the Organization of the Petroleum Exporting Countries (OPEC).