57 min ago
Latin American presidents to discuss Venezuela unrest, Ecuador says
Latin American presidents will meet next week to discuss the unrest in Venezuela that has left at least 20 dead and convulsed the South American OPEC nation, Ecuadorean President Rafael Correa said late on Thursday.
Trending on the Topix Network
Thu Mar 06, 2014
Influx of Alberta oil through Montreal raises concerns
Michael Audet, left, and Jason Hamel perform maintenance work on the Enbridge 9B oil pipeline in 2013.
Venezuela says new currency platform to begin operations Monday
Venezuela on Monday will begin operations of a new currency platform designed to ease the OPEC nation's dollar shortages through a market-based mechanism, the country's top economic official said on Thursday.
Lawmakers applying that pressure for more natural gas exports
Europe gets roughly a third of their total natural gas imports via Russia, and as a a few forward-thinkers have been advocating for a couple of years now, one of the best ways to blunt the influence of the energy supply from any one country or organization is to keep pouring more oil and gas into the global bathtub that is the world's energy ... (more)
The Star Online
South Korea to pay $550 million for Iran oil under nuclear deal - sources
South Korea will transfer $550 million to Iran in its first back oil payment under an interim nuclear deal that eases sanctions on Tehran, sources with direct knowledge of the matter said on Thursday.
Wed Mar 05, 2014
Buenos Aires Herald
Timerman attends Venezuela's ceremonies in honour of late Ch vez
A boy runs next to a mural paint depicting late Venezuelan President Hugo Chavez , Jesuschrist and Latin American Independence Hero Simon Bolivar at 23 de Enero community in Caracas.
Africa: Profit in Paradox
Nigeria's oil paradox is one familiar to many African countries, where an abundance of resources often swamps the ability to use these natural gifts effectively.
Power struggle disrupts oil port in Libya's far east
If anyone understands the deep divisions over how to resolve the blockade of Libya's eastern Hariga oil port, it is the family of local mayor Faraj Yassin.
Tue Mar 04, 2014
UPDATE 1-CERAWEEK-Eni says Venezuela gas project to start early production end-2014
Italy's Eni and Spain's Repsol will start early production of their offshore natural gas project in the Gulf of Venezuela with state-run Venezuelan oil group PDVSA at the end of this year, Eni's CEO said on Tuesday.
India has not made any oil payments to Iran under nuclear deal: Sources
Summary India had deposited some of the money owed for oil imported from OPEC nation in a CBI account: Sources India has not made any oil payments to Iran under the recent nuclear deal that provides Tehran some relief from Western sanctions, government and industry sources said on Tuesday.
Amid protests, Venezuela to remember late Hugo Chavez
Venezuela geared up on Tuesday for commemorations of socialist leader Hugo Chavez's death despite continued protests against his successor that have shaken the OPEC member and threatened the legacy of "El Comandante."
Emirates News Agency
OPEC daily basket price stood at $107.80 a barrel on Monday
WAM VIENNA, 4th March, 2014 --The price of OPEC basket of twelve crudes stood at 107.80 dollars a barrel on Monday, compared with $105.92 the previous Friday, according to OPEC Secretariat calculations.
Mon Mar 03, 2014
The Daily Caller
Report: Obama can use executive powers to lift oil export ban
Republicans are looking to use President Obama's "year of action" promise to push some of their own policy goals.
Wall Street reaction to shocks often short-lived
History says Wall Street has built-in shock absorbers that enable market to survive initial shocks if economy isn't irreparably damaged.
Wall St. Cheat Sheet
OPEC Oil Output Drops to Lowest Level in 2.5 Years
Oil production from OPEC dropped to its lowest level in 2 1/2 years, according to a Bloomberg survey.
Another Day, Another Major Shale Discovery
The trend in atmospheric CO2 levels is unchanged over the past 5, 10, 15 and even 50 years.
Is There 'War Premium' in the Volatility Markets?
Or perhaps the buying is starting in VXX itself and spilling over into support for VIX paper.
Sun Mar 02, 2014
Buenos Aires Herald
Maduro's Minister Jaua to meet Ban Ki-moon
Venezuela said yesterday its foreign minister will meet United Nations Secretary General Ban Ki-moon in Geneva on Tuesday amid growing international calls for dialogue between political players to ease the OPEC nation's worst unrest in a decade.
It is time for the United States to become an oil exporter
U.S. petroleum output grew by more than a million barrels a day last year and is forecast to jump another million in 2014 thanks primarily from the application of horizontal drilling and hydraulic fracturing in the many shale plays currently under development, most notably the Eagle Ford in South Texas and the Bakken in North Dakota.
Sat Mar 01, 2014
Amazon oil rush sparks tribal warfare
Photo Credit: David Gilbert Caption: A gas flare is reflected in an oil waste put in the Amazon rain forest of Ecuador.