OPEC warned by Chavez admin to avoid increasing oil prices

Venezuela’s government urged OPEC to keep a sharp eye out for factors that could boost oil prices even though the price of a barrel of oil hit its lowest mark in months. In the meantime, the discovery of possible energy reserves off the coast of Cuba has pitted multinational oil companies against the U.S. embargo on Cuba. (Image via Washington Times).

Venezuela, Cuba, gas, oil, international economy