Venezuela's Maduro in Iran for oil talksVenezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.
OPEC won't cut output even at $20 a barrel: SaudiOPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.
Oil prices mixed ahead of key OPEC meetingOil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.
24 November 2014
Kuwait sees no output cut at OPEC meetingOPEC is not likely to cut crude output when it meets later this month amid hopes that the market will absorb surplus supplies, the Kuwaiti oil minister said.
Kazakhstan to expand cooperation with OPECKazakhstan, a Central Asian oil producer, will expand its cooperation with the Organization of Petroleum Exporting Countries (OPEC).
14 July 2014
American Airlines, owed $750 mn, trims flights to VenezuelaAmerican Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.
18 June 2014
El Salvador joins cut-rate oil groupingEl Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.
03 June 2014
Venezuela to repay $2 bn of debt to local importersVenezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.
31 May 2014
Mistrust overshadows Obama's Saudi tripKing Abdullah meets President Barack Obama Friday as mistrust fuelled by differences over Iran and Syria overshadows a decades-long Saudi-US alliance.
28 March 2014
Anti-government rally called in Caracas amid new violenceStudents and opponents of the Venezuelan government have called a new rally for Wednesday to mark a month of protests in Caracas, as the death toll from demo-related violence reached 21.
12 March 2014
Oil markets tight, IEA warnsWorld oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
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