Friday 30 September 2016
 
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Venezuela

Oil slips as Venezuela sees 10pc glut in market

Oil prices fell on Tuesday after Venezuela said that global supplies needed to fall by 10 per cent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures. Global oil

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Oil slips as Venezuela sees 10pc glut in market

Oil prices fell on Tuesday after Venezuela said that global supplies needed to fall by 10 per cent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures. Global oil

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Oil up as Venezuela sees output deal

Oil prices rose in Asian trade on Monday after Venezuela said that Opec and non-Opec countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

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Venezuela, Iran seek accord for oil market stability

Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen Opec, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. &quo

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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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