Firefighters in Venezuela are desperately trying to control a blaze at an oil refinery after the death toll reached 41 yesterday, according to reports. Two oil tanks at the state-owned Petróleos de Venezuela (PDVSA) refinery were engulfed by flames after a gas leak caused an explosion on Saturday, reports said. A third tank subsequently caught […]

Venezuelan Oil Minister, Rafael Ramirez, has said the Organization of Petroleum Exporting Countries (OPEC) should not get involved in the dispute between Iran and the West over the Straits of Hormuz, according to reports. Iran threatened to block the Straits, a major artery for the world’s oil which carries nearly 20% of global consumption every […]