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Oil Prices Rise Amid Venezuela Export Concerns

SINGAPORE/TOKYO – Global oil prices rose during Asian trade on Wednesday after Venezuela raised the prospect of halting some crude exports, according to people...

Us Oil Prices Inch Up On Fall In Local Crude Stockpiles

TOKYO – U.S. oil prices edged up in early Asian trade on Wednesday to move away from lows hit in the previous session, buoyed after industry data showed a decline...

Oas Passes Resolution To Begin Process To Suspend Venezuela

CARACAS – The Organization of American States (OAS) on Tuesday passed a resolution to begin the process of suspending Venezuela from the 34-member organization...

Turkish Dam Project Deepens Anxiety In Iraq Over Water Shortages

ISTANBUL/BAGHDAD – Turkey has started holding back water behind its Ilisu dam, a step that has alarmed neighbouring Iraq, a major trade partner that faces what its...

Perus Finance Minister Quits Over Fuel Tax Hikes President Shifts Focus To Unpaid Corporation Tax

LIMA – Peruvian Finance Minister David Tuesta resigned on Monday as truck and bus drivers called off plans for a major protest against his fuel tax hikes and the...

Exclusive Conocophillips Prepares To Sell Stake In Canadas Cenovus -sources

TORONTO/NEW YORK – ConocoPhillips (COP.N) is preparing to offload its stake in Cenovus Energy Inc (CVE.TO) that it acquired as part of an asset sale to the...

Oil Down As Us Supply Grows Opec Considers Higher Output

LONDON – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil LCOc1 lost $1.26 a...

Saudi Aramco Restructures Non-oil Assets Ahead Of Ipo Sources

DHAHRAN, Saudi Arabia/DUBAI – Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources...

Oil Down As Us Supply Grows Opec Mulls Higher Output

LONDON – Oil prices fell on Monday as U.S. production hit a record high and as OPEC members considered boosting supply. Benchmark Brent crude oil LCOc1 lost $1.26...

Oil Steady As Extra Us Supply Balances Strong Demand

LONDON – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand. Benchmark...