Oil prices up two percent following US sanctions on Venezuela - Business News  The Star OnlineNEW YORK: Oil prices gained more than 2 percent on Tuesday after the United States imposed sanctions on state-owned Venezuelan oil company PDVSA, ... Re …

Venezuela Sanctions Prompt Wave of Oil Selling, Baruch Says  Yahoo NewsJan.29 -- In "Futures In Focus," Bill Baruch of Blue Line Futures examines the oil market impact of U.S. sanctions on Venezuela. He speaks with Bloomberg's Guy ... Read more h …

Venezuela taps obscure driller to replace big-name oil firms  WorldOilWith brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, ... Read more h …

CNBCGoldman Sachs on oil: US needs to cut, not OPECCNBCNon-OPEC producers need to correct oil glut: Pro. Michele Della Vigna, head of European energy researchat Goldman Sachs, says non-OPEC countries are responsible for the global oil glut and its inevitab …

CNBCOil back below $50 as OPEC hopes fadeCNBCThe oil cartel is not due to meet until June this year but a report by the Financial Times - with comments by Diezani Alison-Madueke, the Nigerian oil minister - suggested that an emergency meeting was due in th …