Venezuela announces oil tax increase
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Venezuela has announced a 16-point increase in the royalties payable by foreign oil companies operating in one of its richest oil fields.
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The Government, which has already secured a line of confirmation on increasing prices from its key allies - the Left parties - is likely to moderate the hike in petrol and diesel prices that has become necessary due to a surge in crude oil prices.
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The presidents of Argentina and Venezuela extend their food-for-oil agreement.
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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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The House is going to make another run at imposing more than $17 billion in taxes on major oil companies.
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Brazil and Venezuela boost their strategic alliance by signing a range of trade agreements.
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CARACAS, Venezuela  - Venezuelan President Hugo Chavez said on Tuesday the price of oil should not fall below $60 a barrel, two days after the OPEC country cut its production to stem price declines.
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Venezuelan President Hugo  Chavez proposed on Friday extending a barter scheme used by  Cuba to other Caribbean and Central American nations to help  them pay for oil supplies with products and services.
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NEW YORK, December 6  - Oil prices increased today on fears of the announcement of an output cut by the OPEC during its meeting scheduled for later this week.
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VIENNA, Austria - OPEC will increase its oil production by 1 million barrels a day later this year in a move widely viewed as more symbolic than significant - given that the cartel is already exceeding the new quota.    Kuwaiti Oil Minister Sheik Ahmad Fahad al-Ahmad al-Sabah said Wednesday the cartel agreed to the decision to raise output by nearly 4 percent, adding it would take effect Nov...
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OPEC will increase its official oil production target by one million barrels a day later this year in a move widely viewed as more symbolic than significant, given that the cartel has been exceeding the new output limit all year.
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NYMEX crude oil futures soared to a  record of $46.90 a barrel on Monday on concerns about possible  unrest and disruption to oil supply as Venezuelans voted in  large numbers on whether to recall President Hugo Chavez.
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Venezuelan President Hugo Chavez and his nation's oil wealth Â not Fidel Castro Â will likely be the star attraction Friday as Caribbean leaders gather in Cuba for a regional oil summit.
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CARACAS -- President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce his country's reliance on US export markets, will boost trade with the Asian country to nearly $3 billion next year.
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The move hopes to raise Mexicoâs tax collection rate to offset future declines in oil revenue.
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Venezuelan President Hugo Chavez announced that his country began on Sunday to levy 16.6 percent of taxes on foreign companies which are extracting crudes from the Orinoco oil field.
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Venezuelan President Hugo Chavez said Sunday that taxes on foreign companies extracting heavy crudes from Venezuelan soil would be raised to 16.6 percent from less than 1 percent.