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  • UNITED NATIONS, Feb 6- The United Nations Security Council will hold an emergency meeting on Sunday to discuss the North Korean rocket launch as requested by United States, Japan and South Korea, the U.N. press office said. The closed-door consultations of the 15- nation council on North Korea will take place at 11 a.m. ET, the United Nations said in a statement on...

  • Qatar's Energy Minister Mohammed al-Sada is the current holder of the rotating OPEC presidency. Del Pino later met Oman's Oil Minister Mohammad bin Hamad al-Rumhy, who "reiterated his support of the actions Venezuela has taken to stabilize the market," according to statements from the Oil Minister and state oil company PDVSA, over which Del Pino presides.

  • Dallas reports sexually transmitted Zika case Wednesday, 3 Feb 2016 | 11:16 AM ET
    An Aedes Aegypti mosquito seen on a human hand in a lab of the International Training and Medical Research Training Center (CIDEIM) in Cali, Colombia February 2, 2016.

    Officials say a person who hadn't traveled got the Zika virus after having sexual contact with someone who'd been to Venezuela. NBCNews reports.

  • CARACAS, Jan 22- Venezuelan state oil company PDVSA's consolidated financial debt fell roughly 4.3 percent in 2015 compared with the previous year to around $43.8 billion, the company said on Friday, a figure that does not include debts to providers. PDVSA faces about $5.2 billion in debt payments this year as Venezuela, a member of the Organization of the...

  • CARACAS, Jan 22- Venezuelan state oil company PDVSA's consolidated financial debt fell roughly 4.3 percent in 2015 compared with the previous year to reach around $43.8 billion, the company said on Friday.

  • *U.S. crude hits September 2003 low under $27. *Venezuela moots OPEC meeting; other delegates dismiss it. A Venezuelan request for an emergency OPEC meeting to discuss steps to prop up prices did not stem declines.

  • INSIGHT-Smuggling soars as Venezuela's economy sinks Wednesday, 20 Jan 2016 | 8:00 AM ET

    BOCA DEL GRITA, Venezuela, Jan 20- Clutching egg cartons on his shoulder, a young man wades precariously through a muddy river on Venezuela's western jungle border where a Colombian shopkeeper will happily buy them up. In neighboring Guyana, miners and police officers drive vehicles fueled by contraband gasoline from Venezuela. Driven by a deepening economic...

  • CARACAS, Jan 19- Venezuela's new opposition-led Congress plans to investigate state-run oil company PDVSA's financial health and hefty Chinese loans, a lawmaker said on Tuesday. With the political opposition in control of the National Assembly since this month, rivals of leftist President Nicolas Maduro want to use their new perch to push for greater...

  • BOSTON, Jan 19- A slew of major U.S. corporations are likely to announce in the next few weeks whether they will take big writedowns for their troubled Venezuela operations, and some may say they are leaving the country altogether. They may have more reason to accelerate the process after the socialist government on Friday declared a 60- day economic emergency,...

  • Oil under $30? Some are getting closer to $10 Monday, 18 Jan 2016 | 6:35 AM ET
    Chinese laborers repair an oil pumping unit at Huabei oil field.

    An end to sanctions on Iran has driven crude futures to new lows and brought sub-$20 oil in sight, though for some that is already a painful reality.

  • SINGAPORE, Jan 18- An end to sanctions on Iran has driven global crude futures to 12- year lows and brought sub- $20- a-barrel oil in sight, although for some producers that is already a painful reality. Producers of certain crudes from Mexico, Venezuela, Canada and Iraq are bracing for worse to come as Iran- now free of international sanctions- prepares to offload...

  • Don't panic, buy THIS, says Templeton's Hasenstab Sunday, 17 Jan 2016 | 10:00 PM ET
    Men look an electronic board showing stock information at a brokerage house in Beijing, China, January 5, 2016.

    Markets are pricing in an economic collapse in emerging markets and that's a buying opportunity, Templeton Global Macro's CIO Michael Hasenstab told CNBC.

  • NEW YORK, Jan 15- A former official with a Venezuelan state-owned bank on Friday avoided prison time beyond the 16-1/ 2 months she already served after admitting that she accepted millions of dollars in bribes from a Wall Street brokerage to which she steered business. Maria de los Angeles Gonzalez de Hernandez, who was a senior official at Caracas- based Banco de...

  • BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...

  • The details came a day after the U.S. Justice Department confirmed that authorities had arrested Roberto Rincon, a Venezuelan citizen who is president of Texas- based Tradequip Services& Marine. According to an indictment made public on Monday, Rincon and Venezuelan businessman Abraham Jose Shiera Bastidas conspired to pay bribes to officials to secure...

  • Roberto Rincon, the president of Texas- based Tradequip Services& Marine, was arrested on Wednesday in Houston on charges including that he violated the Foreign Corrupt Practices Act and engaged in money laundering, a Justice Department spokesman said. A second defendant, Abraham Jose Shiera Bastidas of Coral Gables, Florida, was arrested on Wednesday in Miami...

  • CARACAS, Dec 18- Venezuela's Oil Minister Eulogio del Pino fears a "catastrophe" if oil inventories continue accumulating to record levels, but nevertheless backs fellow OPEC member Iran's right to increase production once international sanctions are lifted. Del Pino and Foreign Minister Delcy Rodriguez met this week with OPEC member representatives in...

  • How oil could go even lower Friday, 18 Dec 2015 | 7:00 AM ET
    An oil pumpjack operates near Williston, North Dakota.

    If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.

  • This has created the ultimate pain trade Wednesday, 9 Dec 2015 | 7:00 AM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    The blend of macro forces driving commodities lower makes it unlikely the sector will recover for months to come.

  • CARACAS, Dec 8- Venezuelan President Nicolas Maduro announced an imminent cabinet reshuffle on Tuesday after his ruling Socialist Party was crushed in legislative elections, but he vowed to veto opposition plans for an amnesty law for jailed politicians. The government was stunned by Sunday's elections, winning just 55 seats against the opposition's 112...