Business Venezuela

  • Maduro Means More of the Same: Expert

    Diego Moya Ocampos, Latin America analyst at IHS, tells CNBC that a Nicolas Maduro presidency in Venezuela would see little deviation from the policies of Hugo Chavez.

  • Hugo Chavez Dead at Age 58

    The Venezuelan president died after losing a long battle with cancer, reports CNBC's Michelle Caruso-Cabrera, with details on what his death means for oil supplies.

  • Venezuelan President Hugo Chavez Dead

    CNBC's Michelle Caruso-Cabrera reports the 58-year old leader died on Tuesday after a two-year battle with cancer.

  • Venezuela's President Hugo Chavez (AP Photo/Fernando Llano)

    Venezuelan President Hugo Chavez's death has unleashed a flood of emotional tributes that his allies hope will help ensure the survival of his self-styled socialist revolution when voters elect a successor.

  • Business Environment Remains Risky in Venezuela

    James Lockhart-Smith, head of Latin America at Maplecroft, says even if the opposition candidate were to win the elections in Venezuela, he would still be cautious unwinding previous nationalizations and legislation.

  • The prospect of snap elections in Venezuela - which may be triggered if President Hugo Chavez steps down due to his worsening health - may create volatility in global oil markets though any upward price impact is likely to only be short-term.

  • FILE - An Iranian oil technician makes his way to the oil separator facilities in Iran's Azadegan oil field southwest of Tehran.

    Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.

  • Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.

  • Demonstrators take part in a protest against government's health cuts and privatisation plans in Madrid on December 16, 2012.

    Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.

  • Venezuelan President Hugo Chavez waves to supporters during a campaign rally for his reelection in Valencia, Carabobo state, Venezuela.

    Things are looking increasingly bleak for Hugo Chavez, which has oil companies, Western governments and all of Latin America asking the same question: What's next if he dies?

  • Venezuelan President Hugo Chavez

    Venezuelan President Hugo Chavez stayed on his sickbed in Cuba on Thursday while supporters rallied on the day he should have been sworn in for a new six-year term.

  • Chavez Inauguration Delayed

    CNBC's Michelle Caruso-Cabrera reports medical treatment for cancer will prevent Venezuelan President Hugo Chavez from being sworn in for a new term at this time.

  • Pres. Hugo Chavez Underwent 4th Cancer Surgery

    CNBC's Michelle Caruso-Cabrera reports Venezuela speaker says President Hugo Chavez is seeking to delay his inauguration.

  • The Cnooc Ltd. headquarters stand in Beijing, China

    Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.

  • *Stocks build in Europe as refinery maintenance ends. Middle distillates inventories, which include heating oil, diesel and jet, had been running at multi-year lows in both the United States and Europe- threatening to ramp up heating bills for households in the event of an early cold snap.

  • *Scarabeo 9 drilling rig leaving Cuba for West Africa. Communist Party newspaper Granma reported that a well drilled off western Cuba by Venezuelan state oil company PDVSA had been plugged because it ``did not offer possibilities of commercial exploitation.''.

  • CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that rising light oil production threatens the profitability of a massive new upgrading facility planned by Canada's dominant oil sands producer as it delayed plans to expand output from the world's third-largest oil reserve.

  • *Latin America offers Spaniards hope for work. MEXICO CITY/ MADRID Oct 31- After joining the euro in 1999, Spain's economic boom made it the land of opportunity for millions of Latin American migrant workers.

  • *Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.

  • *Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.