Oil prices plummet after high-stakes talks among producers fail

Apr 18, 2016

Oil prices plummet after high-stakes talks among producers fail

Oil plunged Monday after the world’s top producers failed to reach agreement on capping output to ease global oversupply, as tensions between Iran and Saudi Arabia stymied an anticipated deal. Prices tumbled more than 5 percent in early Asian trade after top producer Saudi ...

Energy-short Venezuela creates new holiday, time zone

Apr 15, 2016

Energy-short Venezuela creates new holiday, time zone

Venezuela’s leader Nicolas Maduro declared a public-sector holiday for Monday and vowed to change the nation’s time zone in the latest dramatic measures to cope with a crippling electricity shortage blamed on low water levels at hydroelectric dams. Maduro last week gave the public ...