MTI-1 posted this in
News on
July 1st, 2010
Venezuela
Legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne
Hugo Chavez
The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA)
Read more on Venezuela – Hugo Chavez – 11 US owned oil rigs to be [...]
MTI-1 posted this in
Economy on
October 12th, 2009
A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the uncertainty surrounding the US currency’s future.
Read more on The dollar’s position as the world’s leading reserve currency is under [...]