Venezuela Overview

Omani Minister of Oil and Gas Mohammed bin Hamad bin Saif Al Rumhy said on Wednesday that his country stands with Iran in the latter’s objection to last week’s…

Saudi Arabia will not follow deal brought forward by other major oil producers to freeze rising output, the country’s oil minister, Ali Al Naimi, said at a conference…

Venezuelan President Nicolás Maduro announced the country’s first increase of fuel prices in 20 years on Wednesday.

The price of premium petrol will rise from 0.1…

Iran has taken a tough stance against a production freeze proposed by other members of OPEC, Iranian OPEC envoy Mehdi Asali was quoted as saying in the Tehran-based…

Saudi Arabia and Russia agreed to freeze production in a meeting in Qatar today.

The agreement would mean keeping production at January levels, which would allow…

India’s state-run Oil and Natural Gas Corporation is considering a USD 500-million investment to restore a Venezuelan asset, Bloomberg reported Tuesday.

“We are…

OPEC member states Algeria, Ecuador, Iran, Iraq, Nigeria and Venezuela would consider attending an extraordinary OPEC meeting if it is called, Venezuelan Minister of…

The price of Brent crude fell to USD 27.67 per barrel, the lowest trading price in more than a decade, before recovering at 28.86 on Sunday.

The most recent crude…

The Colombian government signed an agreement on Friday with US operator ConocoPhillips and Canadian company Canacol’s regional affiliate CME for unconventional shale…