Friday 6 May 2016
 
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Venezuela

Venezuela state employees to work two-day week

Venezuela's socialist government ordered public workers on Tuesday to work a two-day week as an energy-saving measure in the crisis-hit South American Opec country. President Nicolas Maduro had already given most of Venezuela&

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Venezuela energy crisis: Friday declared holiday

Venezuela's President Nicolas Maduro has decreed that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit Opec country. "We'll have long weekends," Maduro said in an

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Venezuela energy crisis: Friday declared holiday

Venezuela's President Nicolas Maduro has decreed that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit Opec country. "We'll have long weekends," Maduro said in an

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Venezuela raises fuel price, devalues currency

Venezuelan President Nicolas Maduro on Wednesday devalued the currency and raised heavily subsidized fuel prices in an effort to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient.

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Venezuela to meet Iran, Iraq oil chiefs in Tehran

The oil ministers of Venezuela, Iraq and Iran will meet in Tehran on Wednesday to discuss an agreement to freeze producers' output at January levels, Venezuela's oil minister said on Tuesday. Eulogio Del Pino was speaking

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Oil powers set for Doha meet as $30 crude woes mount

Top oil officials from Saudi Arabia, Russia and several key Opec members will meet on Tuesday for their highest-level discussion in months, a potentially pivotal sign that producers are at last preparing to tackle a devastating supply glut.

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Oil slips after Saudi, Venezuela meeting yields little

Crude oil futures were mixed in early Asian trade on Monday after a meeting between Opec producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent

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Saudi, Venezuela discuss oil cooperation

Saudi Arabia's oil minister Ali Al-Naimi discussed cooperation between Opec members and other oil producers to stabilise the global oil market with his Venezuelan counterpart, state news agency SPA reported. Venezula's Oil

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Venezuelan oil minister says Opec cannot allow a price war

Opec cannot allow an oil price war and must take action to stabilise the crude market soon, Venezuelan oil minister Eulogio del Pino said.   "Opec has to do something very soon ... We don't agree with th

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'Informal' Opec chat planned before meeting

Oil ministers of Opec nations will hold "candid, informal" talks on December 3, a day before the group's formally scheduled meeting in Vienna, Venezuela's oil minister said, adding the idea was suggested by Saudi Arabia.

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