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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: SusieQ1065 who wrote (48608)4/11/2002 4:12:57 PM
From: Ron Dior  Read Replies (2) | Respond to of 208838
 
MERQ on fire AH



To: SusieQ1065 who wrote (48608)4/11/2002 4:13:06 PM
From: SusieQ1065  Respond to of 208838
 
16:03 ET Turmoil in Venezuela
Oil prices could hiccup depending on how the situation in Venezuela, the world's 4th largest oil exporter and a major OPEC member, plays out. Demonstrators are calling for President Chavez's resignation, and the country's largest labor and business confederations have announced that they will continue a 48-hour general strike indefinitely (which was called in support of workers and managers of the state-owned oil co PDVSA). The army is calling for calm after the chief of the military reportedly denied locking up Chavez at a military base. According to CNN.com, production has fallen by nearly 450k barrels a day because of the strikes; Venezuela usually produces 2.5 mln barrels daily, and exports more than 1 mln barrels per day to the US.