FT: Oil demand to weaken as countries tip into recession

" By Javier Blas in London. Published: October 10 2008 09:00 | Last updated: October 10 2008 09:00 Global oil demand will grow far less than forecast this year and in 2009 as the financial crisis risks...

Chávez blames IMF for global financial crisis

" According to the Venezuelan ruler, Latin America may construct an alternate financial architecture Venezuelan President Hugo Chávez said on Wednesday that the global financial crisis whose epicenter is the...

Venezuela Aims to Convert 969 Vehicles to Natural Gas This Year

" October 9th 2008, by Daniel Cancel - Bloomberg. Petroleos de Venezuela SA, the country's state-oil company, aims to convert 969 gasoline- burning vehicles to run on natural gas by the end of the year helped by...

OPEC to meet as oil prices drop (updated)

" UPDATES: Opec on Thursday called an emergency meeting to discuss reducing its oil production to halt the recent collapse in oil prices. In an unusually frank statement, the cartel said it was concerned about the...

Putin and Chavez in nuclear talks

"  Vladimir Putin, Russia's prime minister, has said he wants to look at nuclear co-operation with Caracas, after meeting Hugo Chavez, Venezuela's president, at his residence on the outskirts of Moscow....

Chavez says has enough oil for all customers

" © AP 2008-09-25 10:40:28 -  BEIJING (AP) - Venezuela's plans to triple oil shipments to China over the next several years will not mean a cut in sales to the United States and other countries, President...

Venezuela and China Expand Joint Oil and Investment Accords

As Venezuelan President Hugo Chavez leaves China for Russia, news over his official visit to Beijing show bilateral relations have increased in the energy and direct cooperation schemes. " September 24th 2008,...

Iraq resumes oil supplies to Jordan

For the first time since the 2003 U.S.-led invasion, Iraq is now able to ship oil to energy eager Jordan at a discount price.  "Jordan expects about 10,000 barrels of Iraqi oil to be trucked everyday to the...

ahmadinejad: In Iran, freedom is absolute.

" September 23, 2008. Iranian President Mahmoud Ahmadinejad Mahmoud Ahmadinejad arrived in New York this week to address the United Nations General Assembly. He sat down at the Grand Hyatt hotel with Times'...

Oil soars as global financial turmoil continues

" Oil prices have jumped more than $25 a barrel to record their biggest ever one-day gain as US stocks took another beating amid the continuing global financial turmoil.  Uncertainty about what the US...

Nigerian rebels MEND declare ceasefire

" Sun, 21 Sep 2008 13:32:50 GMT The Nigerian militant MEND group has unilaterally declared ceasefire in southern oil region of the country following a week of assaults.  "Effective 0100 Hrs, September 21, 2008,...

Nigeria: China's Investments in Country Hit $3 Billion

While Nigerian main militant Movement for the Emancipation of the Niger Delta (Mend) has declared an "oil war" against forgeign-owned oil companies working in the region, Nigeria emerges as the third third largest...

Nigeria rebels declare 'oil war' against forgeign-owned oil companies

After declairing oil war on foreign companies in Nigeria, the Movement for the Emancipation of the Niger Delta (Mend) has launched an aggresive operation called hurricane Barbarossa killing 22 Nigerian soldiers....

Venezuela and Portugal signed 9 cooperation agreements

Caracas, Venezuela, 13 September 2008. This morning, nine cooperation agreements were penned at the governmental palace Miraflores. The agreements on agriculture, energy, health, industrial cooperation,...

Gas Prices Jumps up to 13 Cents per Litre in Some Markets

News like this makes me glad I don't drive and live in a city with decent public transportation. Gas is up again, this time as much as 13 cents per litre in Canada and the US. That means a mid-sized car could cost...

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