<div id="subtitle">Faced with low crude prices, Venezuela's state-run oil company to slash costs by 40 percent</div><div><p>Venezuela's state-run oil company plans to slash costs by 40 percent as it struggles with low crude prices amid ...

<div id="subtitle">Some oil service contractors halt work as Venezuela falls behind on payments</div><div><p>Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now ...

Chavez wants Big Oil back in Venezuela, needing money and expertise as crude price slumpSqueezed by slumping crude prices, Venezuela is reaching out to the multinational oil companies it once demonized as imperialist profiteers. Venezuela is soliciting bids from the world's major oil companies to extract heavy crude from ...

<div id="subtitle">Venezuela's state oil company says income soared in first 9 months of 2008</div><div><p>Record prices boosted Venezuela's oil income by 225 percent in the first nine months of 2008, allowing the state-run oil company ...