| Oil prices rise after Venezuela moots output cut (AFP via Yahoo! News) World oil prices rose in Asian trade Wednesday on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said.  Venezuela economy grows 7.1 percent in 2nd quarter (AP via Yahoo! Finance) Venezuela's economy grew 7.1 percent during the second quarter of 2008, according to Central Bank figures released Tuesday. Oil prices leap after Venezuela eyes output cut (AFP via Yahoo! News) Crude oil prices spiked higher Tuesday after OPEC member Venezuela said it would ask the cartel at its September meeting to cut production if downward price pressure continues. Venezuela seizes control of Mexican Cemex plants (AP via Yahoo! News) Venezuela's government seized control of cement plants owned by Mexico's Cemex SAB after failing to reach a deal on compensation terms, marking President Hugo Chavez's latest move to nationalize key sectors of the economy. News Wizard |