Venezuela oil firm PDVSA cuts supplies to ExxonMobil
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Venezuela's state petroleum company PDVSA said Tuesday it suspended oil supplies to ExxonMobil in retaliation for the US energy giant's effort to freeze billions of dollars in global PDVSA assets.
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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.
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US oil giant Exxon Mobil says courts have frozen $36bn of Venezuela's assets in its dispute with the government.
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Oil prices eased on Tuesday as fears of supply disruptions receded following a convincing referendum victory in Venezuela for President Hugo Chavez and after Russia&#39;s YUKOS said it had received a government assurance on September ...
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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 state oil company PDVSA has moved its export payment accounts to UBS  bank in Switzerland, traders said on Monday, after Exxon Mobil Corp secured an embargo of up to $12 billion of PDVSA's global assets.
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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 ranged widely Monday, supported by Venezuelan President Hugo Chavez's threat to cut off sales to the United States
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CARACAS, Venezuela -- Venezuela's state oil company said Exxon Mobil Corp. and ConocoPhillips had refused to sign deals Tuesday that would allow them keep pumping oil under tougher terms in the South American country.
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Venezuela's top oil official accused Exxon Mobil Corp. of "judicial terrorism" on Friday, but said court orders won by the oil major do not amount to confiscation of $12 billion (8.3 billion euros) in assets.
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Exxon Mobil Corp  has moved to  freeze up to $12 billion in Venezuelan assets around the world  as the U.S. company fights for payment in return for the  state's takeover of a huge oil project last year.
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CARACAS, Venezuela  - 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 a drive to tighten sovereign control over petroleum  resources.
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OPEC, the producer of more than a third of the world&#39;s oil, agreed to cut output by about 4 percent in a bid to prop up prices after the biggest drop in three years.
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By Anonymous  Petrobras, PDVSA plan refinery in Brazil  Brazil's state-owned Petroleo Brasileiro SA (Petrobras) and Venezuela's Petroleos de Venezuela SA jointly plan to build a $2 billion refinery in Brazil's northern Pernambuco state.
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7-Eleven Inc. said on Wednesday the war   of words between Venezuela's leftist government and the Bush   administration had no part in its decision to drop gasoline   supplier Citgo Petroleum Corp., which is owned by Venezuela's   state oil company.
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Oil prices eased on Tuesday as fears of  supply disruptions in Venezuela and Russia receded following a  convincing referendum victory for Venezuelan President Hugo  Chavez and after Russia's YUKOS said it had received an  assurance on September exports.
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Venezuela's plan 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 is a  "disturbing trend" that could harm the OPEC member's economy, a  U.S. Energy Department spokesman said on Thursday.