According to a report by Business Insider, on Tuesday, Venezuela's government will launch the first sale of its new cryptocurrency, the petro, backed by oil, gas, gold, and diamond reserves in the economically stricken South American nation. The country's cryptocurrency regulator, Carlos Vargas, told...
Jun.18 -- Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week... Source: Bloomberg Technology -
Jun.17 -- Saudi Arabian Energy Minister Khalid Al-Falih may face his toughest test this week when the Organization of Petroleum Exporting Countries holds what’s likely to be its most difficult.. Source: Bloomberg Global Business -
May.29 -- Oil in New York is experiencing its longest run of losses since February as Saudi Arabia and Russia said OPEC partners plan to make up for potential output losses from other members... Source: Bloomberg Global Business -
May.27 -- Stephen Schork, president of the SchorkGroup, an energy consulting company in Villanova, Pennsylvania, talks about oil production and prices. He speaks with Bloomberg's Yvonne Man on.. Source: Bloomberg Global Business -
Oil fell on Thursday, driven lower by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude.. Source: Rumble -
May.22 -- Michael Cohen, head of energy commodities research at Barclays, discusses the impact of U.S. sanctions on Venezuela's oil production and its potential effect on oil prices. He speaks on.. Source: Bloomberg Global Business -
55-year-old Nicolas Maduro has been re-elected as president of Venezuela. He hailed his win in Sunday’s election as a victory against “imperialism.” Meanwhile, critics at home and abroad have.. Source: Wochit -