Venezuela softens tone on U.S. oil cutoff threat
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Venezuela softened its tone on Tuesday over a threat to stop oil sales to America, with a top official saying a supply cut would be undesirable a day after world oil prices rose due to President Hugo Chavez's warning.
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Oil cartel OPEC is set to keep output  quotas steady at a meeting in Caracas on Thursday, overruling a  proposal by host Venezuela -- the group&#039;s fiercest price hawk  -- to cut production.
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SINGAPORE/LONDON  - Oil eased below $63 a barrel on Monday as investors weighed plans by OPEC members Nigeria and Venezuela to trim output against healthy inventories in top consumer the United States.
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Irate Brazilian legislators told Venezuelan President Hugo Chavez on Friday to tone down his criticism of their Congress or he would endanger Venezuela's entry into the South American trade bloc Mercosur.
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OPEC may be considering cutting its production to stem the recent steep decline in oil prices.
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CARACAS, Venezuela  - Venezuela on Tuesday reactedwarmly to a U.S. overture seeking better relations, but urgedWashington to recognize that left-wing President Hugo Chavez'sgovernment was democratic, stable and independent.
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PANAMA CITY, June 4 -- Secretary of State Condoleezza Rice and Venezuela's foreign minister on Monday fired verbal broadsides at each other here over the closure of a television station in Venezuela that has been critical of the government.
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The United States is urging its citizens to think twice about traveling to Venezuela, citing protests and political tensions over the closure of an opposition broadcaster in Caracas.
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CARACAS, Venezuela  - Venezuela Friday dismissed  as "impertinence" U.S. criticism of its plans to buy Russian  rifles and helicopters and suggested Washington was just sore  it was not buying U.S. weapons.
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Venezuelan President Hugo Chavez threatens to cut off his country's oil shipments to the United States if a court ruling goes forward ordering Venezuelan assets be frozen in a case brought by Exxon Mobil.
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Oil prices have eased as fears of supply disruptions recede following a convincing referendum victory in Venezuela for President Hugo Chavez.
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U.S. stocks trimmed gains on Friday  after a senior OPEC delegate said the producer group cannot  rule out cutting oil production if oil prices slide further.
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Oil prices simmered near fresh highs  Monday even though early reports of victory for Venezuelan  President Hugo Chavez in a referendum on his rule eased fears  that unrest could upset the country's oil exports.
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CARACAS, Venezuela  - Venezuela's left-wing  President, Hugo Chavez, branded the U.S. a "terrorist state" on  Saturday and rejected as meddling Washington's criticism of a  recent arms purchase from Russia.
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Oil prices fell &#36;1 below record highs on Tuesday as fears over supply disruptions in Venezuela eased after President Hugo Chavez won a vote on his rule.
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Venezuela's oil operations and cash  flows have not been affected by court orders won by Exxon Mobil  Corp  to freeze up assets as the U.S. giant fights for  compensation for a project nationalized last year, the nation's  energy minister said on Friday.
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U.S. drivers could be among those affected by Venezuela's increasing disarray.