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Venezuela to slash budget after OPEC steadies output Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

29 November 2014

OPEC mulls oil supply glut weighing on crude prices OPEC ministers met to try to work out a deal to tackle rising oil supplies that are weighing heavily on crude prices and the cartel's revenues.

27 November 2014

Oil prices mixed ahead of key OPEC meeting Oil 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 meeting OPEC 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.

11 November 2014

Venezuela wants extra OPEC meeting to halt oil-price drop Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said.

11 October 2014

No need for urgent OPEC meet on lower oil price: Kuwait OPEC member Kuwait said there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.

11 September 2014

Kazakhstan to expand cooperation with OPEC Kazakhstan, 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 Venezuela American 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 grouping El 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 importers Venezuela 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 trip King 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 violence Students 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 warns World 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.

14 February 2014

Maduro says no chance of coup after deadly Venezuela demos President Nicolas Maduro vowed Wednesday to tighten security in cities across Venezuela after protests against his government turned deadly, killing three people and injuring 26 others.

13 February 2014

Oil prices up on escalating South Sudan violence Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.

26 December 2013

OPEC to sit tight over oil output on supply strains OPEC is set to stick to its oil output limit at a meeting here on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.

04 December 2013

Maduro says gov't in Venezuela will set car prices President Nicolas Maduro said Monday his leftist government will set car prices in a bid to lower their cost.

03 December 2013

OPEC set to hold oil output ceiling again The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.

31 May 2013

Kazakhstan and Russia to benefit from OPEC break-up Organization of Petroleum Exporting Countries OPEC is about to fall apart.

09 June 2011

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