Business Venezuela

More

  • Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.

  • Venezuelan President Hugo Chavez speaks at Latin American summit

    Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because the Latin American producer is struggling to secure enough investment and technical expertise to unlock the resource, Ed Morse, Managing Director and Global Head of Commodities Research for Citigroup Global Markets told CNBC.

  • OPEC Keeps Oil Production Levels Unchanged

    CNBC's Kelly Evans reports OPEC leaders agree to keep its oil production ceiling unchanged.

  • Al Naimi, Saudi Oil Minister

    A twenty-five percent plunge in oil prices might seem to make curbing the supply of crude a no-brainer for the world’s oil producers.  And yet it looks increasingly possible that the 161st ordinary meeting of OPEC in Vienna this week could end in a virtual stalemate

  • Hugo Chavez

    President Hugo Chávez has registered as a candidate for Venezuela’s October election late on Monday – dispelling doubts over whether the cancer-stricken incumbent’s health would prevent his running, the FT reports.

  • Latin America

    Argentina’s move to seize the local energy assets from Spanish oil and gas giant Repsol has spurred condemnation from the European Union's parliament and has led to worries about more anti-free market policies in Latin America.

  • Argentine President Cristina Fernandez de Kirchner holds a plaque before delivering a speech during a ceremony to mark the 30th Anniversary of the 1982 South Atlantic war between Argentina and the Britain over the Falkland Islands (Malvinas).

    As the dust settles on the announcement that Argentina would seize control of assets owned by Repsol-backed energy company YPF, many are worried that other companies will shy away from investment in the South American country.

  • There was a wide-ranging change of the guard in 2011. In Europe struggling countries such as Italy and Greece brought in the technocrats, or voted out administrations, which had failed to solve their economic crises. In the Middle East two entrenched regimes toppled under popular uprisings and a third after a revolution.In 2012, there could be an even bigger shift, with several key countries facing possible changes at the top. Citizens that rid themselves of dictators and have not yet decided wh

    There was a wide-ranging change of the guard  in Europe and the Middle East in 2011. Here are 10 other elections that could change the game of global politics in 2012.

  • Heat rises from stacks at the Chevron refinery in Richmond, California.

    With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.

  • Oil Refinery

    Gasoline futures are rallying on yet another refinery closure.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iranian President Mahmoud Ahmadinejad’s five-day tour of Latin American countries comes at a time of rising tensions with the United States and growing international isolation. The US State Department described Iran’s search for friends as “desperate,” while US Treasury Secretary Timothy Geithner is expected to ratchet up the pressure in a visit to China and Japan.

  • 2011 was a volatile year for investors: although the S&P 500 is on track to close the year relatively flat (up about 0.7%), the big money was made in non-traditional places. The following slides reveal the best investments in each category, from stocks and commodities, to currencies and companies with the best cash flows. If you made some of these investments, you were on the right track. If not, lessons learned in 2011 could prove profitable in the year ahead. All numbers are as of market close

    2011 was a volatile year for investors. The following slides show the best investments in each category, from stocks and commodities to currencies and companies with the best cash flows.

  • Venezuela Hidden EM Winner?

    A look at some hidden emerging market winners, despite the 20% decline for the BRICs in 2011, with CNBC's Amanda Drury. JPMorgan Adrian Mowat's also reveals your emerging market itinerary for 2012.

  • The kidnapping ordeal of Washington Nationals catcher Wilson Ramos ended after two days when Venezuelan police commandos swooped in to rescue him in a flurry of gunfire and arrested five alleged abductors.

  • Gold bars

    Bullion traders are preparing for one of the largest transfers of physical gold in recent history after Hugo Chávez, Venezuela’s president, ordered the country’s gold reserves to be returned to Caracas. The FT reports.

  • Venezuelan President Hugo Chavez speaks at Latin American summit

    Venezuelan President Hugo Chavez's appearance at independence day celebrations on July 5 has calmed speculation that a change of government is imminent in the country, but it has highlighted the extent of his personal control in the world's eighth-largest oil exporter, analysts told CNBC.com.

  • It's a good time to be invested in stocks and high-yield bonds — even Venezuelan bonds, Anne Lester, portfolios manager of the JPMorgan Income Builder Fund, told CNBC Thursday.

  • Hugo Chavez

    Venezuelan President Hugo Chavez revealed that he is fighting cancer after having a tumor removed in Cuba, raising uncertainty about his political future even as he assured his country he expects to fully recover.

  • Hugo Chavez

    One of Venezuelan President Hugo Chavez's brothers said Sunday that backers of the hospitalized leftist leader should not rule out armed struggle in the future, though they prefer to maintain power at the ballot box.

  • oil_rigs_AP.jpg

    So if OPEC trumpets a 1.5 million barrel rise in daily output, is this just an admission of what’s going on anyway or is this new oil? If it’s the latter, then that is meaningful. If it’s the former, don’t get too excited.