Tuesday 28 June 2016
 
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Venezuela

Opec has de facto output freeze, says Venezuela

Venezuelan energy minister Eulogio Del Pino said on Wednesday Opec has a de facto oil output freeze as its overall production stood steady in the past few months. Del Pino was a key architect of a proposal to freeze oil output ear

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Latam Airlines joins Venezuela airline exodus

Latam Airlines on Monday became the latest carrier to suspend its operations in Venezuela, blaming "the current complex economic scenario in the region." International airlines have struggled for years to repatriate reve

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Lufthansa suspends Caracas flights

German airline Deutsche Lufthansa said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars. In

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Lufthansa halts Venezuela flights over forex snags

German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars.

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Coke production halted in Venezuela for lack of sugar

The Venezuelan bottler of Coca-Cola has halted production of the sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co spokeswoman said. Venezuela is in the midst of a deep recession, and spontaneous demonstrations and l

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India eyes oil-for-drugs deal with Venezuela

Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies. Several of India's gener

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Venezuela reaches 'better' oil loans deal with China

Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the Opec member's crisis-hit economy "oxygen" ahead of heavy debt payments, its top economic official said.

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Venezuela reaches 'better' oil loans deal with China

Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the Opec member's crisis-hit economy "oxygen" ahead of heavy debt payments, its top economic official said.

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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