Venezuelan President Nicolás Maduro will send new proposals on the stabilization of oil prices to members of the Organization of Petroleum Exporting Countries (OPEC).

Gazeta.ru news site of Russia reported the abovementioned citing El Universal daily newspaper.

“We produce the oil, and we must govern the markets and set prices,” Maduro stressed.

He said oil is the main reason why, in his view, some countries have started an economic war against Venezuela.