Two people who work at Venezuela’s central bank were arrested on Friday after meeting opposition leader Juan Guaido, who has called on public officials to disavow President Nicolas Maduro, according to the employees’ lawyer and a source familiar with the matter. The attorney, Alonso Medina Roa, said the pair – Deny Albujar and Manuel Alberto […]
OPEC
Brent nears $70 as oil prices rise for fourth day
Oil prices rose for a fourth day on Wednesday, pushing Brent toward $70 a barrel as support from OPEC-led supply cuts and US sanctions overshadowed a report showing an unexpected rise in US inventories. Brent futures rose 36 cents, or 0.5 percent, to $69.73 a barrel by 0554 GMT, after earlier reaching $69.87, the highest […]
Oil hits 2019 high on OPEC cuts, concerns over demand ease
Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut, and as the market became less worried that demand may slow. The United States is considering more sanctions against Iran, whose oil exports have been halved […]
OPEC and partners near deal over cuts in production
OPEC ministers presented a “final draft” of an agreement for oil production cuts to a meeting Friday with partner countries including Russia, as oil prices rebounded at news that a deal may be close. The price of Brent, the European benchmark, surged five percent on Friday after reports emerged that OPEC and its non-member partners […]