Venezuela raises oil drilling tax
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President Chavez increases 16-fold the taxes paid by foreign oil companies operating in Venezuela.
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Energy company Harvest Natural Resources encounters problems in Venezuela.
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Oil rose nearly $1 on Monday to match  its highest in almost a month, extending last week's late gains  as Venezuela threatened to halt oil exports to the United  States and bomb alerts shut down one of Britain's largest gas  fields.
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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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Venezuelan President Hugo Chavez on Thursday said there is an excess of oil on the world market and proposed a minimum price for crude at &#36;50 a barrel. OPEC members have no intention of increasing their oil production despite demands from a number of industrialized nations, Chavez said as he spoke at the group&#039;s meeting in Caracas.
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Venezuelan President Hugo Chavez  bolstered his cooperation with Cuba on Saturday by signing  energy, farming and finance accords, including a deal to expand  of one of his socialist ally's oil refineries.
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LOS ANGELES, Aug. 17 (UPI) -- Oil futures reached a record high Tuesday as the market fretted over simmering potential pitfalls other than last weekend&#39;s vote in Venezuela that kept controversial strongman Hugo Chavez in the presidency.
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Oil prices rose to near $63 a barrel on Friday, after BP Plc shut in output at an oil field in Alaska and OPEC members Nigeria and Venezuela pledged to cut production.
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Venezuela announced a dramatic increase in royalties for foreign oil companies operating in the petroleum-rich country, El Nacional reported Monday.
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PARIS, Oct 22  - The French government will raise gas prices by nearly 10 percent on November 1 owing to surging oil prices, the French daily Le Parisien reported Friday.
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Venezuela's economy should grow between 14 and 16 percent this year, led by strength in the country's oil industry, one of the central bank's seven directors said Tuesday.
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Oil prices have gone up sharply in the past month because of production snags in the Gulf of Mexico, where more than 22.6 million barrels of production have been lost since Hurricane Ivan hit mid-September.
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Venezuela's oil industry will enter a new period of stability and growth after Sunday's referendum on Hugo Chavez's presidency, the president of the state-run oil company said Sunday.
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Venezuelan President Hugo Chavez is ordering foreign oil companies to pay much higher taxes, in a move to tighten state control over his country&#39;s vast petroleum resources.
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NYMEX crude oil futures  hit a new record of &#36;46.76 on Monday on worries about possible unrest and disruption to oil supply as Venezuelans voted in a referendum on whether to recall President Hugo Chavez.
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Venezuela on Sunday ordered foreign oil firms operating in its huge Orinoco heavy crude belt to pay much higher taxes in what President Hugo Chavez called
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Not everyone was complaining when the price of a barrel of oil flirted with the $50 mark on global markets earlier this summer. For Venezuelan President Hugo Chavez, it meant more money to