Oil has fallen by nearly half, to recession levels, as US economy improves

...budgets.Major oil exporters such as Iran, Iraq, Russia and Venezuela rely heavily on revenues from state-owned oil companies...estimates that every $1 drop in the global price of oil costs Venezuela $770 million in annual revenue. Current prices are now...

OPEC keeps oil output on hold despite low prices

...production costs are relatively low.But poorer OPEC members like Venezuela and Nigeria need levels close to $100 or above to fund national...50 percent of the government's outlays.In the case of Venezuela, the International Monetary Fund says it needs to sell oil...

Carlos Zambrano apologizes for starting brawl in Venezuela

CARACAS, Venezuela - Former major league pitcher Carlos Zambrano is apologizing for starting a brawl during Venezuela's winter series final.His apology was carried Monday by El Nacional newspaper.The Saturday night fight happened during the...

Venezuela's Hugo Chavez dies at 58

CARACAS, Venezuela - President Hugo Chavez, the fiery...who declared a socialist revolution in Venezuela, crusaded against U.S. influence...red of his United Socialist Party of Venezuela or the fatigues and red beret of his...

Braves acquire Vizcaino, receive international money

...big signing such as Yoan Moncada, but it could be helpful in adding an extra piece or two from the Dominican Republic or Venezuela. The Braves revamped their scouting and development departments this off-season, and a move like this can show a more...

Even after vote, concerns about Venezuela's oil sector persist

...with industry experts warning that Venezuela needs long-overdue investment in aging...balance isn't struck soon, they said Venezuela, a major supplier of fuel to the United...Chavez' social agenda. At the moment, Venezuela's daily output is about 2.5 million...

Venezuela to pay Exxon Mobil $255 million after arbitration decision

CARACAS, Venezuela - Venezuela said Monday it has successfully defended itself in an international...million awarded to the company.State oil company Petroleos de Venezuela SA, or PDVSA, said in a statement that debts and court action...

Chaos in Venezuela

...the Korean Peninsula, now along comes Venezuela. The country is in chaos, on the verge of civil war. Venezuela isn't just another banana republic...entirely to its knees. A civil war in Venezuela would be hard on the United States not...

Mexico shuts out Venezuela

...11-0, mercy rule rout of Barquisimeto, Venezuela, in Wednesday's International semifinal...through an interpreter. Mexico got to Venezuela pitcher Manuel Barrios early, tagging...that, Mexico only needed to shut out Venezuela for two more innings to claim a mercy...

Kid from Venezuela's sandlots makes a splash far from home

CARACAS, Venezuela -- As a kid, Francisco Rodriguez couldn't...assistant coach with the Caracas Lions of Venezuela's winter league, still runs the school...Little League can be found throughout Venezuela, but because of poverty, most baseball...