	next few months crucial for oil hernandez energy and mines minister arturo hernandez grisanti today told a meeting of regional oil exporters the next few months will be critical to efforts to achieve price recovery and stabilize the market hernandez said while opec and non opec nations have already made some strides in their efforts to strengthen the market the danger of a reversal is always present march and the next two or three months will be a really critical period hernandez said he said we will be able to define a movement either towards market stability and price recovery or depending on the market a reversal earlier this week hernandez said venezuela s oil price has averaged just above dlrs a barrel for the year to date if opec achieves its stated goal of an dlrs a barrel average price he said venezuela s should move up to dlrs hernandez spoke today at the opening of the fifth ministerial meeting of the informal group of latin american and caribbean oil exporters formed in ministers from member states ecuador mexico trinidad tobago and venezuela are attending the two day conference while colombia is present for the first time as an observer hernandez defined the meeting as an informal exchange of ideas about the oil market however the members will also discuss ways to combat proposals for a tax on imported oil currently before the u s congress following the opening session the group of ministers met with president jaime lusinchi at miraflores the presidential palace the delegations to the conference are headed by hernandez of venezuela energy minister javier espinosa of ecuador energy minister kelvin ramnath of trinidad tobago jose luis alcudiai assistant energy secretary of mexico and energy minister guilermno perry rubio of colombia reuter 
