Sunday 7 February 2016
 
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Venezuela

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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Venezuela sees 85pc inflation this year, 60pc next

President Nicolas Maduro's government predicted on Tuesday that Venezuela's inflation, already the world's highest, would be 85 per cent in 2015 and 60 per cent next year. Though high, those figures are conservative co

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Venezuela says 8 non-Opec nations invited to Vienna meeting

Venezuelan Oil Minister Eulogio del Pino said that eight non-Opec countries have been invited to an October 21 oil meeting, including Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia.   T

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Saudi King, Venezuela president discuss oil price

Venezuelan President Nicolas Maduro and Saudi King Salman have spoken on the phone and discussed Opec, according to the South American country's government, which is pushing for action to boost low oil prices that have battered its economy.

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Venezuela says pushing for Opec, Russia action to stem oil fall

Cash-strapped Venezuela is pushing for an emergency Opec meeting and joint coordination with Russia to stem a tumble in oil prices, President Nicolas Maduro said.   "We're working towards a special Opec

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Venezuelan delegation visits Iran, Saudi in Opec diplomatic push

Venezuela's oil minister led a delegation in meetings with Saudi Arabian officials, following talks in Iran, in an Opec diplomatic tour as its need for higher oil prices gains urgency.   Suffering from a slow

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Qatar may fund energy, other projects in Venezuela

Qatar is considering funding projects in Venezuela, industry and diplomatic sources said, as the Latin American state lobbies fellow crude producers to help repair the damage done to its economy by plummeting oil revenues. Venezuela'

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Qatari banks offer security financing to Venezuela

Venezuela is securing financing from Qatari banks, President Nicolas Maduro said from Doha on Monday, as he seeks to boost his country's coffers amid falling oil prices and a recession. "We're firming up a financial a

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Venezuela's Maduro seeks support from Saudi Arabia on oil prices

Venezuelan President Nicolas Maduro met Saudi Arabia's Crown Prince Salman in Riyadh as part of a diplomatic tour of Opec members to discuss falling oil prices, which have hit its economy hard.

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