Business Venezuela

  • Oct 1- The premier of the oil-rich province of Alberta sees benefits in the proposed sale of Nexen Inc to a Chinese state-owned company, a local newspaper reported on Monday.

  • CARACAS, Venezuela-- A huge crowd filled the streets of Venezuela's capital on Sunday cheering for opposition candidate Henrique Capriles, waving flags in a show of support one week before the country's hotly contested presidential election.

  • KINGSTON, Jamaica-- Curacao's former leader was holed up Sunday inside what used to be his official offices, accusing the acting governor of overstepping her constitutional powers by forming an interim government three weeks before general elections on the Dutch Caribbean island.

  • Venezuelan President Hugo Chavez speaks at Latin American summit

    The Venezuelan president pledged to invest $130 billion in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, doubling output to make it OPEC’s second-largest producer after Saudi Arabia, knocking Iran into third place.

  • An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production.

  • finance_broker_desk1_200.jpg

    One day after the market’s second-worst session of the year, two portfolio managers shared their best ideas for finding value in a volatile market with CNBC's “Squawk Box.”

  • venezuela_skyline-200.jpg

    Fidelity's John Carlson says there's still plenty of opportunity to diversify with emerging market debt, for which the China slowdown is less of a drag.

  • Top Fund Managers' Top Investment Stategies

    James Kieffer, Artisan Partners managing director, and John Carlson, Fidelity fund manager, reveal their top stock picks, and where investors can find global growth opportunities in emerging markets.

  • 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.