Venezuela issued a decree that "effectively amounts to forced labor" in an attempt to stabilize a food shortage, says an Amnesty International report. » Read More
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
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.
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.
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 Europe and the Middle East in 2011. Here are 10 other elections that could change the game of global politics in 2012.
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.
Gasoline futures are rallying on yet another refinery closure.
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. The following slides show the best investments in each category, from stocks and commodities to currencies and companies with the best cash flows.
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.
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'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.
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.
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.
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.
The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.
The Misery Index is a simple calculation that became a political hot potato in the late 1970s and early 1980s. By adding the unemployment rate and inflation together, the index gave policy makers a tool by which to measure economic misery. As President Barack Obama prepares for his re-election run, the index stands at just 11 percent, some 10 percent lower than Carter faced 31 years ago.
With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.