Rafael Ramirez
latest news & developmentsOpec poised to keep output steady, US unhappy
Opec ministers are poised to hold output steady at a meeting on Wednesday, resisting pressure from top consumer the United States to pump more oil to help prop up a fragile…
Venezuela halts oil supplies to Exxon Mobil
Venezuelan President Hugo Chávez stopped oil exports to Exxon Mobil on Tuesday, escalating a multibillion-dollar fight with the United States company two days after threatening…
Oil leaders’ private debate televised by mistake
”Kill the cable, kill the cable,” shouted the security guard as he burst through the double doors into the media room at the Intercontinental Hotel in Riyadh, followed by Saudi…
Oil sets new record at $97
Oil leapt more than a barrel to a new record high of ,44 on Tuesday, as a weak dollar and tight fuel stocks prompted buying by speculators. Investors, wary of global equity…