Caracas: Venezuela’s National Assembly on Tuesday gave President Nicolas Maduro wide-ranging special powers to rule by decree for one year.
MOSCOW: Russian President Vladimir Putin called Monday on gas exporting countries to come up with a single pricing mechanism and resist EU competition rules as
VIENNA, Austria: OPEC, the oil producer cartel, is shrugging off talk of its weakening influence sparked by booming US shale energy production.
VIENNA: OPEC appears set to maintain its output ceiling after Venezuela suggested Thursday that there was agreement among member nations to keep the status quo,
Riyadh: OPEC members could increase their production to meet 2011 demand which could rise by two percent, while oil prices are expected to maintain last
Beijing: China has renewed its annual contract to purchase and import Iranian crude despite the US-engineered UN sanctions that block transactions with the Iranian banks.