World oil prices spike on geopolitical worries

MENAFN - Monday 17th June, 2013

(MENAFN - Arab Times) World oil prices finished on a high note on geopolitical worries in Syria, having begun the week on the back foot following news of strong OPEC oil output, US shale production forecasts and Chinese demand fears. Other commodities were dented somewhat by weak Chinese data and after the World Bank slashed its growth forecast for China's economy this year to 7.7 percent ...

New Tourist Offers in Venezuela

Prensa Latina - Monday 17th June, 2013

Caracas, Jun 17 (Prensa Latina) Authorities of the Venezuelan tourist sector said that new actions will be implemented to increase tourist proposals, including the cable cars of Merida and Warairarepano (Caracas), said today the minister of that sector. In the case of the city cable car, the project includes the addition of a route to Macuto and the restoration of Humboldt Hotel. The ...

Clashes halt crude output in SW Colombia

Global Times - Sunday 16th June, 2013

Colombia's state-run oil company Ecopetrol Sunday suspended crude production in oil-rich southwest Catatumbo, a region of Norte de Santander state, following violent clashes between farmers and security forces in the town of Tibu, a company source said. Harold Paez, the superintendent of operations in the region, said 90 percent of pumping and extraction operations had been suspended due ...