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1-10 results from 461 for query «venezuela»

2 July, 2018 9:30 AM Oil falls as Saudi, Russian output rises

Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States. Benchmark Brent crude oil fell $1.24 a barrel to a low of $77.99 before recovering to $78.40, down 83 cents, by 0735 GMT. US light crude was 50 cents lower at $73.65. Oil prices rose strongly 51

26 June, 2018 1:07 PM Crude oil prices to stay range-bound post OPEC meet

Next OPEC meet in December would be the key as the current decision is applicable till end 2018 only. Crude oil prices rallied from $50 per barrel to $70 per bbl in the last one year on supply tightness due to loss of oil output from Venezuela and renewed US sanction worries on Iran. OPEC and some non-OPEC oil-producing countries have agreed for output 34

25 June, 2018 4:02 PM Oil India again discovers hydrocarbon in KG Basin

Size of discovery can be confirmed only after tests, says firm Oil India Limited (OIL), one of India’s largest public sector oil exploration and production companies, has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block — KG-ONN-2004/1. “The well Thanelanka-1 is the first high pressure-high temperature (HP-HT) well drilled by OIL and has encountered 31

20 March, 2018 6:27 AM US Bans Transactions With Venezuela's Digital Currency

US President Donald Trump on Monday signed an executive order barring any US-based financial transactions involving Venezuela's new Petro cryptocurrency, as US officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country. "The 'Petro' is a desperate effort by a corrupt regime to defraud 51

5 March, 2018 11:39 AM Iraq pips Saudi Arabia to become India’s top crude oil supplier

In the current financial year, it supplied 38.9 million tonnes, says Oil Minister Dharmendra Pradhan In a written reply to a question in Lok Sabha, Iraq has overtaken Saudi Arabia by a wide margin to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial year. Saudi Arabia traditionally has been India’s 40

11 February, 2018 9:21 AM ONGC Videsh, Partners Acquire 10% Stake In Abu Dhabi Oilfield For $600 Million

ONGC Videsh is India's largest international oil and gas company, having 39 projects in 18 countries, including Azerbaijan, Bangladesh, Brazil, Colombia, Kazakhstan, Mozambique, Myanmar, Russia, South Sudan, Sudan, Namibia, Venezuela, Vietnam and New Zealand. Abu Dhabi/New Delhi: ONGC Videsh Ltd and its partners have acquired a 10 per cent in a large 58

25 January, 2018 5:02 PM Oil hits $71 for first time since 2014

Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar. The Organization of the Petroleum Exporting Countries and its allies including Russia began reining in supplies in January 2017. An involuntary drop in Venezuela’s output 22

22 January, 2018 12:46 PM EU confirms new sanctions on seven senior Venezuela officials

The European Union on Monday announced new sanctions on seven senior Venezuelan officials, saying this was an expression of the bloc's concern with the political crisis under President Nicolas Maduro. Reuters reported last week the EU would make the move, which introduces a travel ban and an asset freeze on people in charge of security forces accused 29

21 November, 2017 3:07 PM FIFA panel bans three former soccer officials for life

Zurich: FIFA's ethics watchdogs have banned three former soccer officials from Guam, Nicaragua and Venezuela for life as part of efforts to address widespread corruption in the sport, the world football governing body said on Tuesday. The latest officials to be hit by FIFA bans are Richard Lai, the former Guam Football Association president and a former 26

9 November, 2017 7:10 AM Venezuela’s PDVSA misses debt payments, used Russian bank to pay ONGC: sources

PDVSA has made no payment since April on what was a $540 million backlog of dividends owed to ONGC. Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions 56