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Tag: OPEC

RIO DE JANEIRO, BRAZIL - Venezuela has warned foreign oil companies like Chevron and Repsol that their licenses are at risk unless they help the OPEC member country reverse the historic decline in production, according to people familiar with...
RIO DE JANEIRO, BRAZIL - (Reuters) Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned Petroleos de Venezuela (PDVSA) and receiving part of the proceeds, according to...
By Brennan Stark, Contributing Reporter RIO DE JANEIRO, BRAZIL - A bill to distribute oil royalties more evenly amongst Brazil's 27 states passed its first hurdle when it received approval from Brazil's Senate last Wednesday, October 19th.  The proposal now...
By Bruno De Nicola, Senior Reporter RIO DE JANEIRO - Brazilian increases in oil production, along with Russia, is threatening the OPEC's (Organization for Petroleum Exporting Countries) control over oil prices. The current view of petroleum reserves may be deceptive...

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