Venezuela halts oil supplies to Exxon Mobil
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Venezuelan President Hugo Chavez  stopped oil exports to Exxon Mobil Corp  on Tuesday,  escalating a multibillion-dollar fight with the U.S. company  two days after threatening to cut off all supplies to America.
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Oil prices fell 23 cents to $46.35 a barrel after Venezuelan Hugo Chavez won a recall referendum, appeasing worried energy markets.
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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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Exxon Mobil has obtained a court order freezing up to $12 billion of Venezuela's state-owned oil company's worldwide assets after the government of President Hugo Chavez forced the company out of two joint ventures last year, a company spokeswoman said Thursday.
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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy crude projects of the Orinoco Belt "within months".
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Conoco Phillips is pulling out of its Venezuelan oil ventures after failing to agree on new contract terms with the populist government of President Hugo ChÃÂ¡vez, and Exxon Mobil said it had also reached an impasse in negotiations there.
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ConocoPhillips on Tuesday said Venezuela assumed control of its operations in the country after it was unable to reach an agreement with the government over the nationalization of two multibillion-dollar oil projects.
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A week after Venezuelan President Hugo   Chavez called George W. Bush "the devil," convenience store   chain 7-Eleven Inc. said on Wednesday it will stop selling   gasoline from Venezuelan-controlled Citgo Petroleum, but both   companies denied the actions were linked.
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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy oil projects of the country's Orinoco Belt by May 1.
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Up to 1,200 companies in Mexico  stopped production because of problems with the supply of  natural gas following a rash of pipeline explosions caused by  rebels, an industrial group said on Thursday.
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Venezuela has asked US oil giant ExxonMobil to resume World Bank-sponsored talks to resolve a nationalization dispute and to drop legal cases in New York and London, Energy Minister Rafael Ramirez said Tuesday.
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Venezuela president threatens to cut off oil supplies to the US if it continues an "economic war".
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Venezuela has agreed to sell gasoline to Iran, which last week launched a delayed fuel rationing scheme, Venezuela's energy minister said in remarks published on Tuesday.
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President Hugo Chavez ordered by decree on Monday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region.
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Some oil majors have rejected Venezuela's terms for the takeover of their multi-billion dollar projects and can leave the OPEC nation, President Hugo Chavez said on Friday, days before a deadline for nationalization deals to be concluded.
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Venezuelan President Hugo Chavez on Thursday set the world's biggest oil companies a May Day deadline to surrender control of multibillion-dollar crude projects, accelerating his raft of nationalizations.
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Oil prices eased from new record highs  on Monday as victory for Venezuelan President Hugo Chavez in a  referendum on his rule eased fears that unrest could upset the  country's oil exports.