Venezuela has repeatedly called for OPEC members to meet as slumping oil prices sap government revenue
They were caught carrying around 690,000 liters of diesel in total without legal documents for the fuel
The country's sole refinery has been struggling to compete with cheap imports of oil products
Petrolimex reportedly sold 10 percent stake to Japan's JX
PV Oil expects a continued downturn this year due to oil shock
The group plans to cut output to 16.03 million tons of oil this year, compared to 18.74 million...
It claimed cheap imports have driven its refinery to the edge of shutdown
The mega project was first announced in 2013 and has seen quite a few hiccups since
The oil and gas group threatens a shutdown, saying cheap imports are killing the country's first refinery
Company claims lower input costs will help the country's sole refinery Dung Quat survive amid a flood of cheap...
JX is considering joining Petrolimex in an $8 billion refinery in the central region
It is on the verge of 'running out of money' by the end of April
The popular grade 92-RON now retails at an equivalent of 60 US cents
Tehran has pledged to raise supply by around 1 million bpd in the next 6-12 months.
The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha.