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Venezuela

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  • Colombian rebels announce unilateral cease-fire Wednesday, 17 Dec 2014 | 3:38 PM ET

    HAVANA— Colombia's largest rebel group announced an indefinite, unilateral cease-fire Wednesday, saying guerrillas will refrain from staging attacks so long as they aren't targeted by the U.S.-backed military. The Revolutionary Armed Forces of Colombia made the announcement in Cuba at the end of another round of peace talks aimed at ending Latin...

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.

  • At the same event, Venezuela's foreign minister and top OPEC emissary Raphael Ramirez provided his country's answer to Naimi's question: OPEC must act, he told Reuters, because "that is our job. Ramirez said Venezuela would evaluate whether to call for an emergency OPEC meeting after seeing how oil prices perform in the first quarter. Last month, Gulf producers...

  • NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.

  • CARACAS, Dec 10- Packing potatoes at his vegetable stand on a sun-baked street in Caracas's hillside Catia slum, Jesus Jimenez fondly recounts voting for late president Hugo Chavez. Like millions in Venezuela's poor "barrios," the chatty father of 14 worshipped the larger-than-life Chavez and benefited from his welfare programs, especially Cuban-staffed...

  • Russia, Venezuela bond fears surface  Tuesday, 9 Dec 2014 | 1:07 PM ET

    CNBC's Michelle Caruso-Cabrera reports on weakness in both the Russian and Venezuelan bond market as oil prices continue to pressure government bonds.

  • Venezuela is 'desperately looking for funds' Monday, 8 Dec 2014 | 11:54 AM ET
    A worker walks past a mural with a PDVSA logo at its gas station in Caracas, Venezuela, August 29, 2014.

    Days after OPEC decided not to give into Venezuela's plea to cut oil production, Caracas is on a cash-searching mission.

  • Oil war is sticky, but OPEC may be forced to act Friday, 5 Dec 2014 | 3:03 PM ET

    Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.

  • The countries slammed worst by plunging oil prices Friday, 5 Dec 2014 | 1:01 PM ET
    An employee looks out over the petroleum-cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia, Dec. 4, 2014.

    This is not a great time to be an oil producer, but some countries are hurting more than others.

  • ANALYSIS-Venezuela default risks spike Friday, 5 Dec 2014 | 11:54 AM ET

    NEW YORK, Dec 5- The dramatic drop in oil prices has Venezuela struggling to cover financing gaps. "If present policies are held unchanged, the market sees the height of default risk in two years time," said Michael Roche, emerging markets fixed-income analyst at the Seaport Group. Venezuela's Expected Default Frequency- Moody's market-based measure of credit...

  • OPEC vs US shale: Who will blink first?  Tuesday, 2 Dec 2014 | 6:33 PM ET

    Dan Eberhart, CEO at Canary, says there is a "battle royale" going on between OPEC and U.S. shale producers.

  • Ian Bremmer, Eurasia Group president, discusses the impact of oil's decline on Venezuela, Nigeria, and Russia.

  • Venezuela's future: 'Barbarity and people looting' Monday, 1 Dec 2014 | 11:50 AM ET
    A Venezuelan student throws a molotov cocktail during a protest against the government in Caracas on March 12, 2014.

    For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.

  • Latin America feeling the oil price drop  Monday, 1 Dec 2014 | 4:50 AM ET

    The drop in oil prices affects Latin American countries in different ways when it comes to investment, says Juan Sartori, founder and executive chairman at Union Group - especially Brazil and Venezuela.

  • Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.

  • JPMorgan: Brent to settle at $75 in Q1 2015  Friday, 28 Nov 2014 | 12:03 AM ET

    Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.

  • Saudi Arabia is trying to curtail US shale:CS  Thursday, 27 Nov 2014 | 9:20 PM ET

    David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.

  • Why oil's slide is a win-win for airlines  Thursday, 27 Nov 2014 | 9:06 PM ET

    Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.

  • Expect oil glut, US shale bankruptcies: Analyst  Thursday, 27 Nov 2014 | 6:41 PM ET

    Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.