VALENCIA/ CARACAS, Nov 13- With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her grey Chevrolet Aveo searching for food. She said she had stopped going to Venezuela's Caribbean coast, just 20 miles away. But in late October and early November, cities in the populous central...
OPEC continued to lower its forecast for oil demand in its latest monthly report, issuing its fourth consecutive downward revision to consumption growth for 2019.
CARACAS, Nov 5- Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Maduro's government is seeking to bring 14 tonnes of gold held in the Bank of England back to Venezuela, according...
Oil refiners will be "bearing the brunt" of the U.S. sanctions on Iran because of a lack of medium and heavy sour crude, says Reza Amanat of Argus Media.
Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Bolton made the announcement as part of a pledge to crack down on what he called "the troika of tyranny" in the western...
WASHINGTON/ NEW DELHI, Oct 31- Venezuela's state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a joint venture, according to two people familiar with the matter. The payment is based on an agreement signed in 2016 by PDVSA and ONGC Videsh, the overseas investment arm of...
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed.
President Trump makes comments on his phone call with the Saudi King regarding the disappearance of Saudi journalist Jamal Khashoggi, Secretary of State Mike Pompeo heading to Saudi Arabia, his sentiments regarding Turkey and Sears' bankruptcy.
The International Energy Agency (IEA) is concerned about a dramatic upswing in energy prices, according to its latest monthly report, with oil, gas and coal prices currently trading at multi-year highs.
The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end.
A severe emerging markets fall is the biggest economic risk to the U.S., not inflation, a top economic advisor to President Trump says.
Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production.
The U.S. will keep pressuring Venezuelan President Nicolas Maduro's regime through sanctions until the Latin American nation's humanitarian crisis improves, U.S. Treasury Secretary Steven Mnuchin said Wednesday night.
U.S. President Donald Trump said on Wednesday he was open to meeting Venezuelan President Nicolas Maduro if it would help the people of Venezuela, but warned that "all options were still on the table" to deal with the crisis.
President Trump comments on Venezuela, relationships with allies, the U.S. North Korean relationship, Japan Prime Minister Shinzo Abe and the Senate's handling of Brett Kavanaugh's accusers.
At the United Nations General Assembly, President Donald Trump speaks about Venezuela and foreign assistance.
WASHINGTON, Sept 25- The United States imposed new sanctions on Venezuelan President Nicolas Maduro's wife and key members of his government, including the vice president and defense minister, accusing them of plundering the country's wealth and helping Maduro maintain his grip on power. Venezuelan Vice President Delcy Rodriguez and Defense Minister...
CNBC's Ylan Mui reports the latest on sanctions against key figures in Venezuela including First Lady Cilia Flores.
CARACAS, Sept 24- Venezuela's new digital fuel payment system got off to a slow start on Monday, as most drivers paid with cash and only a handful of gas stations were equipped with the system that President Nicolas Maduro says will limit fuel smuggling. "Right now payments aren't being made with the system, it's only to show how it works," said an employee of a gas...
Trump has criticized producer cartel OPEC several times on Twitter over what he claims is the deliberate inflation of oil prices.